There is an old saying in the used car business: the guy that gives the first price loses!

Definitely lose the window coverings.

he was going to lose it to tax;s  I did not believe the note could or would just go away but it did. we closed through title.. and he ended up owning it for just the back tax's of 15k.. and the 200k mortgage went away..

I would say that if you are looking on the market place on bigger pockets then try to stick to people who have a lot of posts and action on here, this way you might be able to get a sense of them and they would have a reputation to lose if they do you wrong. 

So in this case they are net even,..but the lender looks at it as they are losing $300 a month, so it goes against their DTI by $300 a month. 

Even if you lose your $1,000 earnest money, I would consider that a cheap lesson.Good Luck.Jake

HUD, REO and FMA are all leaking out their foreclosures slowly so they don't saturate the market and lose the momentum of rising value...but you can still get the HUDs cheap.I have a number of out of state investors I work with because their states are not as good as it is here.  

The poor sellers in these transactions lose control of their properties and end up in all sorts of financial turmoil. 

A bad deal by definition is one that loses money and doesn't return a profit. 

So that means I'll get all but about $7K back after fees and origination charges ect.So while to the bank they have $18K in equity securing their loan (which they do since I don't want to lose the equity gain I received), I actually only have about $7K cash tied up in it.