Seller is to pay ZERO towards the closing.Seller's obligation to close contingent upon lender accepting proceeds of the sale as final and full payment satisfaction of note and mortgage deed indebtedness with no further recourse of deficiency judgement against seller.The lender is going want a net when they approve.

I assume they never filed for a deficiency judgment, which they would have had to do by July 2015, under current laws.

Are they selling because there is a pending catastrophic, structural deficiency?

Therefore if an experienced home inspector is already going to go through the house and list everything that is wrong asking for a estimate of the actual cost it would take to fix the deficiencies would provide more value to you then if you only received an inspection report.

A foreclosing lender typically bids the minimum at foreclosure auction, and their bid amount is just used to offset the deficiency on the note.

You have one deficient survey or are not in compliance at your site and the fines and government (medicare) scrutiny will be upon you.Can it be lucrative?

Apparently there was a litigation between the HOA of the property and the builders which started on 2008 (townhouses were built in 2003) at the transition period of the property to the HOA and during Common Elements engineering inspections it was found out that the buildings had numerous deficiencies in the construction such as improper construction of decks and deficiencies in the construction of the exterior cladding system stairs and stoops.

First time on BP and i have so many questions. But first i have stumbled through most of this on my own. The question i have is, i have the list from the county of homes four years of unpaid taxes. Has anyone just gon...

Skill sets vary, even within the same industry, so it's quite normal for one to excel in one area and be deficient in another.

That way the estate doesn't take on the tax or deficiency liability.