Its about waiting for my father to agree, when he is a dire financial situation, he will be stuck between either getting a reverse mortgage or having liens put on the property due to non-payment of prop. tax (has happened before, but was paid off).

But I am presuming that the purchase price will still be in/pegged to a hard currency, not necessarily reflecting the dire local economic situation.My own concerns, off the top of my head - putting aside the fact that the country is at war - would be:1.

If the contractor is in such dire financial straights to be playing Ponzi games, no matter how 'great' they were in the past, you don't want to be the guy holding the bag.

I just want to have this strait before I start pursuing foreclosures.

Here is the breakdown. We have a property in Memphis that is generating $7,000 dollars a year in net cash-flow (property is 100k).We want to buy another 3 properties free and clear BEFORE we refinance them, to group t...

Now, if the seller is in dire need of cash and you want this deal, you also might work out an arrangement for a non-refundable deposit that will be applied to closing as long as you get 7 more days.Good luck.  

But, the property being in CA, and every County being in desperate financial straits, they are charging me $8400 in impact fees, plus $3000 for plan check (the only thing being changed is adding a wall to get the living space down to 1200 sq. ft.) 

The house has a family room (a deck that was wrapped, which is usable, but in dire condition) with an unfinished rumpus room in the basement.

I prefer SFH in dire need of repair and updating, but in a good neighborhood.

Hello, I'm a new member in BP and in dire need for advice.