He subsequently called & told them he would be collecting the rents on a prescribed date & time.

Its prescribed by state law, usually will go to lien holders in order of lien, state, local government, IRS, judgments, etc., if there is money after that it will go to the former owner or the heirs of the former owner.

Martin - You will have to get a Phase I anyway within the prescribed time as part of acquisition, so do that with a reputable company which should include the remediation results and NFA letter.

You don't need to be under contract to get a proof of funds letter (the equiv. of a pre-qualification letter in the rehab world)...The repair then reimbursement model is prescribed to by most lenders, but there are loan programs that will allow up to a 10% draw in advance to get you started.

There is no set percentage; each lender prescribes to their own pricing matrix.

The mainstream of lenders require a BK to be aged/seasoned to a min. of 2 years, but there are loan programs that don't prescribe to this generally accepted guideline (but there will be tradeoffs).

But to be honest the US is not much better we seem to have rampant corruption in gov. with Nationalisation in the form of prescribed public easements and other forms of eminent domain "takings"As for the people of Mexico poverty is easily found thus the lower cost of living as well as many luxuries and securities we take for granted in the US.

We are not realors, so do not prescribe to the MLS in our city.

Then using this Info to build a diagnosis and then prescribe an offer.

Examples of such work or tasks include guiding people who are blind, alerting people who are deaf, pulling a wheelchair, alerting and protecting a person who is having a seizure, reminding a person with mental illness to take prescribed medications, calming a person with Post Traumatic Stress Disorder (PTSD) during an anxiety attack, or performing other duties.