Also neither buyer nor seller shall receive any monies, including commissions, form the sale that are not revealed on the HUD.

It revealed the following:The roof need to be replacedThe furnace is twenty years and in a year (max) need to be replacedSome electrical work need to be doneSome brickwork needs to be done which may go to nearly three thousand dollars.So the total cost of fixing will be nearly ten thousand dollars.With this situation should I ask bank to lower the price of the property by at least five thousand.

Now as for the competitive aspects, quite clearly we must be very careful to not reveal any secrets.

It was revealed that she was only making $75K in a top 10 market.

In any case, you'll have thereby established some confidence and savvy by scraping your knees a few times, and the foggy landscape will slowly reveal itself to you more lucidly as you continue to progress.

Our houses that we work on are not restoration projects, but more of a bringing the original flavor back to life with some updated points.For an example, last year we worked on an amazing home with a smaller footprint (720 sq ft) but had three stories.The Craftsmanship of the word work was outstanding; just a little rough at places and 90% of it was painted.If this was our own home, we might have stripped the paint, revealed the oak, and refinished all the woodwork, making it drop dead gorgeous (We love natural wood).

A title check during the escrow period should reveal any liens.  

As many posters have told you, again and again, your questions reveal just how much you do not know.Look, I'm not trying to bust your peanuts just for the sake of it.

My question are :1- How will I make sure that I am not bidding a second mortgage or some sort (such as IRS lien),  2 - Will full title search reveal everything? 

Asking price was $150k and we wrote the offer for $145k using the proof of funds letter supplied to me by the lender with two contingencies: firstly, that the financing got final approval following the lender's appraisal and secondly, that the inspection did not reveal anything above my rehab estimate that would blow the budget.