Most people won't even have a problem with mold other than the smell.

What about when your property gets trashed, meaning 20 holes in the walls, destroyed flooring, pet urine smells.

My dept. is currently battling with an FHA rep. who will not approve an FHA loan on an REO we have for sale because he is classifying our practice of liquidating REOs as "Flipping".We recently aquired a portfolio of NPAs from Lehman Bros to service.

(smell the sarcasm)I'm closing this one down, folks.Feel free to restart the discussion on your #1 stumbling block in real estate.

I think the major battle will be finding a property cheap enough to get a nice cash flow on.

Sony Corporation (SNE)Purchase Price: 41/shareCurrently Trading: 50/share (Up 28%)Sony is finally feeling the cool air after a very speculative battle with the Toshiba corporation over their HDDVD/BluRay Market push.

Marketing to distressed sellers is half of the battle, and it wasn't really portrayed here.With that said, this has gone pretty smoothly so far, much more smooth than usual.

I did not like it the idea that there was no way to have a private conversation there and trully something smell very bad on him.

The whole setup smelled fishy as hell, and it certainly wasn't what I was looking to get involved in.

I don't want to have to battle for it with the title company if the deal goes south.