It's been good for us, but very trying at times, and if we didn't have an element of trying to make the world a better place, probably not our best path.Agree with others that you should do your due diligence to look at surrounding sales prices and rents independently, and also see his books/tax returns.  

We're bidding in Michigan where all prior liens are excused in a tax deed auction, with limited exceptions such as IRS and environmental liens.

So can inflating a sale price above market value, that is a key element in the definitions of law as to predatory dealing or financing.The WSJ article is not about "Options" with escalating prices, it's not an option but rather a purchase agreement set along the price increases due to expected appreciation, there is a basis for the increased price to be agreed to and, the agreement holds no penalties for a buyer who fails to but, nor do they pay anything for the right to purchase, it's a sale agreement, not a true option.  

The levels are fairly high levels but based on the environmental consultant probably did not include manufacturing just contamination from heavy use via smoking. 

With some programs, even land with environmental issues still counts.

However, putting aside these obvious elements, do you apply the same criteria for identifying the market for SFH vs MFH? 

So, yes, there's an element of risk and trust.  

It's just the constant moving that makes it impossible for all elements of the industry to catch up on efficiently.

I have to say that the state of disrepair/decrepitness ofthis crappy old mobile exceeded even my worst expectations :shock: Ican`t believe that a husband, wife, 4 kids and 3 dogs actually lived here up until just 5 weeks ago - it *looks* more like this mobile was abandoned and left to the elements more like 5 *years* ago, based on my brief walkthrough.

Dec. 2 (Bloomberg) -- Homebuyers seeking to take advantage of a government mortgage-guarantee program will have to put up more cash in some situations as officials look for ways to shore up finances at the Federal Housing Administration. “Down payment is one of the elements we’re looking at,†Housing and Urban Development Secretary Shaun Donovan told reporters today after a congressional hearing in Washington. “A second is the upcoming mortgage insurance premium and then other cash that needs to be brought to the table.†The FHA is also considering cutting the amount of home seller concessions a buyer can receive by half to 3 percent of the purchase price to combat inflated appraised values, Donovan told the House Financial Services Committee.