.- REO "specialist" realtors opening pre-escrow with multiple title companies, looking at the prelims, and using whichever title company screwed up and didn't notice the clouded title.

Otherwise, they would stay until the end of lease or until eviction, whichever comes first. 

My wife of 46 years stuck with me during those very lows in this business and worked to help pay those owner financed deals, the balloon payments, the interest rates that reached over 20% in years past, surviving without computers, pagers, cell phone and the internet.

Written from a cell phone please excuse any mistakes. :)

Whichever city you decide to live in, they will be lucky to have you. 

The rules for each varies but in any case you can use the money for closing cost or the down payment (however you must contribute $1,000 or 1 percent of the purchase price, whichever is greater). 

RCN referred me to another hard money lender who also gave me the scoop that the typically only fund deals at either 90% of the value or 65% of the ARV which ever is the lessorTo put numbers to this deal ARV of $150,000.  

What's in their best interest is a reduction in loss and/or maximum recovery so, whichever path leads to the greatest recovery and the least loss, that's the path they will go.

Car insurance and cell phone bills don't count.

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