Further exploration of the property revealed that the work needed was greater then initially thought.

When th carpets were pulled up to try to dry everything it revealed mold is this dangerous?

A camera inspection can reveal any waste pipe issues.

Well crap does that mean I won't receive my weekly CIA newsletter revealing all of their secrets anymore :mrgreen:

One by one he started unbuttoning his shirt buttons, revealing his rippling stomach muscles.

I will be posting that up in another thread addressing this issue and posing questions.However, even if you have seen the property it and walked around in it , it is still a good idea to include some protection for yourself, because the actual home inspection may reveal things you never realized or noticed on the walk through.

If you are not and are doing a flip, then you are not representing the buyer, you are representing yourself and selling your position to the buyer.It is getting very difficult to do a simultaneous close without revealing your purchase price.

As stated above the occupant may or may not be a whole or partial owner of the property.A check of the laws of the state should also reveal whether or not a legal foreclosure can take place.

Also if I am in a situation where the inspection reveals multiple issues that requires major expenses to put it in a livable condition and I decide to walk away from the deal then do I lose the earnest money.

Google reveals quite a few resources for HML, but how I am supposed to find a transactional borrower?