Putting that burden on the buyer you literally could spend an extra $1M in clean up - the only way to know the full extent is when they are doing the work.

This is literally Tear1 data for Pennie’s.

This is literally Tear1 data for Pennie’s.

(If im wrong about that, someone please correct me but i literally talked to 50 lawyers in the past 4 days) Now you can do an assignment no problem.

First, I recommend to get a lot more education on this as the terminology you are using is confusing as you talk about buying a second mortgage which is literally buying a second mortgage, but it sounds like what you are talking about is buying a property at foreclosure auction whereas it is being foreclosed on by a 2nd or HOA. 

Is the condo literally in downtown Chicago? 

The issue is Detroit is a very block by block city so you’re going to want to narrow down your searches down literally to specific blocks within specific subdivisions and not just looking at zip code by zip code. so, while you can get answers of specific subdivisions that people may recommend, it’s best to make sure the specific block you are about to purchase the property on isn’t a rough one. that being said, happy to chat about Detroit real estate anytime !  

You would literally be better off selling and buying an identical home in the neighborhood raising your cost basis.

It's what you think you know will happen, but clearly doesn't and it literally forces you to pivot, change how you operate, etc.

It pays to contest your taxes (literally).