Lone Star Law is correct, but the exception is with an insured institutional lender as the title company has recourse with that lender as well.

This property is a few mile south of the Energy Corridor.  

And think of all the time and energy you will save if you know up front.

I look at (and end up with some) properties all the time that are essentially failed flips, where the flipper ran out of money, energy, or missed their profit slot. 

I've been waiting to stack this FNMA guideline change on top of Oakland's new positive view of in-law units to put a very unique deal together (oh stars and moons, why do you make me wait prior to aligning?)

Engelo and I ended up talking on the phone and he has as much enthusiasm in the day to day as he does in his interviews (a lot of energy that dude has).

On the flip side, especially the Houston market is very closely correlated to the energy business.

Think lottery winners, pro athletes, rock stars.

2) If seller's agent was blowing smoke then walk.3) Don't waste time and emotional energy on it in addition to losing a few bucks.4) Focus on the next deal instead of the misery of this one

These lists, if you're interested in trying them, are:- 75-100% equity with owners over 50 years old- tax delinquent- code violation...particularly overgrown or junky, multiple/long standing issues (this is a time/energy intensive list for me, hopefully your city's site is more user friendly)- recent arrests (sent out Wednesday, believe it or not I've already gotten a call back)Good luck!