We both have outstanding credit and have been looking at HUD and foreclosures.

The current debt outstanding on the house is 365K and is held by two different banks.

Hello everyoneMy name is Anthony and I live in the Tulsa, Oklahoma area with my new wife.I am new to Real Estate Investing and I have recently been listening to the Bigger Pockets Podcast for some outstanding educational tips in the Business.I am looking to start out with a "Flip" but eventually my wife and I would like to become Landlords.If anybody is in the Tulsa area and would like to meet up, I would love to talk Investing with someone.I do work a full-time job right now and I hope to continue doing so for a few more years.

Look for potential warning signs that the seller is in financial trouble, such as delinquent accounts or a large amount of outstanding debt.

State law will govern requirements for a commercial broker.Yes, you can turn in the matter to the State Attorney General, the State Highway Patrol probably has a fraud/scam division, report it to them and get a case file number.I'd call the FBI as well as he may have crossed state lines or pulled the same thing elsewhere, they may have jurisdiction under federal banking laws depending on the details and as financial fraud.

A Sheriff sale is a public auction held by the city to sell foreclosed homes to satisfy the payment of an outstanding mortgage forclosure, tax lien or tax sale.

The house is on a semi-busy street, but not a highway.

My wife and I are looking at a potential rental property located on a major highway.

C-470 can get busy, but nothing like I-25.My sister drives from NW Denver down to south Denver for work and refers to I-25 as "angry-driver highway"...Traffic aside, I can pretty much guarantee that after one sunny winter out here your regret over leaving Milwaukee will fade.

The mortgage is due and payable as long as it is outstanding as a debt.