Make changes slow enough to pinpoint deficiencies. 2).

This means lender cannot collect a deficiency judgement in the event of a judicial foreclosure.

The law requires 3 separate notices, if not all 3 can be proved, the notice is deficient. 

They will also make money on collection of deficiencies.

The homes problems and deficiencies can turn people off and they won't consider buying it.  

Besides, most of the time the walk-through must identify deficiencies and give the tenant the opportunity to correct the deficiency properly rather than just absorb it from the deposit. 

I am thinking if I can get Freddie to assign the deficiency balance / judgment to me then I can go to the owner of the subdivision lots (yes same owner as the foreclosed lot) and trade her a full release of the judgment in exchange for the lots.

That also means that lender is not entitled to any deficiency judgment of equity financed based on a sale that was terminated.

Code requirement, appraiser's opinion, etc.Either party may give notice of needed repairs to the other by certified or registered mail, return receipt requested stating the necessary repairs and giving 30 days notice to cure deficiencies described.

IRS issued a notice of deficiency claiming that Hillman could not utilize this method under IRC