The Missouri Supreme Court in Ethridge apparently stated that for equitable subrogation to apply, the party against whom the doctrine would be applied (USAA in this case) must have "engaged in fraudulent conduct or committed acts bordering on fraud that created the condition that caused the lender a loss." 226 S.W.3d at 134. 

It is a gamble.

I have a laminated counter top with a stainless steel border.

I am not familiar with anything above the Florida border so I cannot assist you... other than on general questions about RE Investing.

And since the Lender doesn’t want to be in a position of gambling, they hedge their locked loans by shorting Mortgage Backed Securities.

You don’t want to pay “B+” area prices only to realize after closing that you were on the neighborhood border and your property is actually in a B-/C+.

at that tax sale did you do research on the house before purchase or just gamble?

Compare that to if Hobo Bob somehow suddenly became employable and went to work making $120,000 a year as an executive for Proctor and Gamble.

Anyplace else is a gamble and having cash if it gets much worse would make you feel like you're shopping for deals at the dollar store.  

Were the border stones laid down in mortar/cement?