I did add a little when they uncovered some unplanned repairs (approximately $500 additional).  

Although, it does not pay for slow repair work or repairs from an uncovered peril.Hope that sheds some light on it.

They don't uncover interests; build rapport; or anchor the purchase price.

If an actual foreclosure has not yet happened, then finding out the ownership of it usually is uncovered at the county tax office and where they are sending the bills.  

@Mark Nolan & @Jesse Stemle - I will make sure to check out the podcasts, blogs, etc...seems like there's a ton of hidden gems here just waiting to be uncovered!

Having worked many of these deals of all shapes and sizes, I recommend you give the above points thought first so you can uncover how intensive of an investment you want this first deal to be.

The next two that I have started are Pitch Anything: An Innovative Method for Presenting, Persuading, and Winning the Deal Klaff, Oren and Making The Yield: Real Estate Hard Money Lending Uncovered Buscemi, Salvatore M.

Due diligence uncovers something that most everyone agrees makes this a bad investment.I have invested in “3”, “4” and “5” deals.

They don't even have an eviction order at the time of that writing so it could be another 9k as she plays the system.When i read the link that Roy N. posted, the name she gave the landlords was not "NINA WILLIS", so they were given fraudulent identity by Nina; had they done the proper due diligence in performing background checks / screening, that is something that should have become uncovered and thus they would have been able to decline that tenant application regardless of the name used.  

Now, you can buy a policy that just covers the first$5M of value, and leave the rest uncovered.