Assuming or taking over delinquent apartments

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Posted by William on January 31, 2010 at 21:50:39:
Looking for some answers here:
1. Is it possible to assume a reo 45 unit apartment complex from the bank or delinquent apt. owner? If so how?
I am bringing 200k to the table as well to @ least show that I am serious & have some skin in the game. Management experience (RE Broker,& have several rentals).
The reason I am asking is because I believe it would be simpler to do it that way other than jumping through hoops to get financing & coming up with 35% down payment.
Thanks in advance for your advice,
William

Follow Ups:

Re: The perfect "White Knight" Scenario ray@lcorn 10:36:14 02/04/10 (6)

Re: The perfect "White Knight" Scenario William 15:10:18 02/07/10 (1)

Re: The perfect "White Knight" Scenario ray@lcorn 18:35:38 02/08/10 (0)

Re: The perfect "White Knight" Scenario james (CA) 00:47:52 02/05/10 (3)

Re: The perfect "White Knight" Scenario ray@lcorn 06:28:33 02/09/10 (2)

Re: The perfect "White Knight" Scenario David 02:00:10 03/16/10 (1)

Re: source of deals ray@lcorn 12:21:30 03/19/10 (0)

Re: Assuming or taking over delinquent apartments james (CA) 13:12:33 02/02/10 (0)

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