That can be a devastating item to have added back onto your tax return with accuracy penalties and such.

I didn't mean to imply that your tax attorney wasn't good at his job- however if this is the information directly from him there was some accuracy lost in translation.

It's accuracy is unparalleled and properties appear on Redfin simultaneously with the MLS.

That would tell us if the $20K is a good value or not...I'm sure you realize that the gathering, tabulation, verification, publication, etc. of statistics involves expense and, as Scott Rowe pointed out, liability (accuracy issues).

Do a search on that (foreclosure.com) and you might get some input as to the accuracy of the listings.REO's will always be listed by a real estate agent and be on your local MLS. 

What’s more, I don’t know you’d verify the accuracy of it.  

@Stephen Turner  the 800 a file as additional submission fee Is what others have posted about on BP you certainly would want to double check that with DHM for accuracy...Gorilla is a very experienced foreclosure buyer who is moving into the space as foreclosures have dried up.. 

After I analyze our possibilities, I still have to go back and estimate renovation costs and assign a property class to factor accurate potential rents.I do the same thing you do with my MLS data in the multifamily market...it's proven to be quite a complex endeavor to get it right with consistent accuracy.

If the seller had fixed everything he promised to fix on the legally binding repair addendum with 100% accuracy and code compliance, we would have said yes in a heartbeat and we would be closing this week.We have not gotten a letter from an attorney. 

I'm not an expert in Real Estate, but I am an expert an other areas in my professional career and find it hard to believe that there aren't experts that are able to take less than 30-60 min. to look at my property, regulatory restrictions, and give me ball park figures with an accuracy rate of ~80%.