Its appropriate not to generalize the entire state, its a few cities that are driving the foreclosure stats so high like Atlantic City and Trenton.

If your cash/cash is a good return, THEN take the time to examine the location, the property itself and get a walk thru.

If you examine your property as if there were financing in place I think you'll find it's not a good investment.

Stat 709.03 may be required.

If it really is as described by Kansas City FED, who said that the too big to fail banks are now much bigger and that it would take some 70,000 examiners to inspect these trillion dollar institutions.

Stat. §§ 535.020 and 535.060)."

Stat. § 47G-1.

Primarily how can I fully examine a persons role in real estate before going into business with them?

We take very detailed move in pictures for legal purposes and when we are given notice that a tenant will be leaving and what date that will be on, we list it and show people the move in pics and the stats of the the unit, along with any planned upgrades.

So, it is a bit harder to develop relationships with title examiner as you need to go through an attorney but I would be interested in hearing thoughts on how others who bid on courthouse auctions do some of the basic research as far as making sure they are bidding on the first mortgage lien, tax lien, mechanic lien, judgement, etc.Thanks and look forward to a great discussion on this.