At lease get an engineer/building inspector to examine it F I R S T.

On one of my purchase contracts, I have this paragraph:  The Seller, at his option, agrees to furnish the Buyer, either a complete abstract of title certified to date, or a title insurance company's commitment to insure, to the above described real property, showing a merchantable title vested in the Seller, subject to: ______ Title Evidence shall be sent to ______ for examination by the Buyer as promptly and expeditiously as possible, and it is understood and agreed that the Seller shall have reasonable time after said Title Evidence has been examined in which to correct any defects in title.What goes in the blanks?

:-)   In terms of particular areas that often "light up" as bad areas but are worth examining, I'd probably list Brewerytown, Port Richmond, Kensington, Grays Ferry, Point Breeze, Kingsessing, and NW Philly.  

I'm learning about contract assignments but not sure how this can work with the "original parties...remain obligated hereunder" clause.Also, Section 30, on Defaults, states that a defaulting Buyer may be liable for actual damages, and "will immediately pay the costs incurred for the title examination, Appraisal, survey, and the Broker's Fee in full"Arghhhhhh!!!!!

Try to plan a week vacation so you really have time to examine the city, as you'll have a lot to do while you're in town.

Dose anyone have any tips on studying the real estate exam in Michigan I am completely lost.

The credentials of the POF letter will be examined, or at lease I sure would.A POF from Fidelity or some Credit Union would be accepted at face value, while some HML unknown to me would be vetted as much as I would for a tenant rental application, ie: what we see may not be what we get.

Then I spoke to some local residents/realtors and examined some stats on zillow for recent sales, and their prior sales - and the market has stayed flat, or even declined while the rest of the country has enjoyed the recovery last 4 years.I have some rentals in California, and while I dont expect CA type appreciation, the flat to negative trends seemed worrying, and indeed puzzling given the beauty I find in the area, the high quality of construction, and the solid employment fundamentals.Any opinions on why prices are falling?

I examine the email contents to extract pertinent information in regards to the property.

However , if the intent of the action is really to disguise a flip as a sale of qualified use property then it may not be accepted upon examination by a field agent in an audit.