(Like in the old movie "It's a Wonderful Life"-- the ratios for the bank examiner).Although they would love to sell it, just on their terms.That's my guess.Good Luck!

Examine that list and see if there is a way to reasonably lower that figure.

Retail buyers usually don't have the funds, time, experience and nerves to take on a rehab; that's why there is a market for flippers.

The books, records, contracts, Leases and other instruments shall be subject to examination and inspection at any reasonable time by Lender.

The top of the contract does have a statement signed by the Treasurer's Office similar to warranty deeds I've seen certifying they have examined all records and there are no liens, titles held by the state or other individuals, and that the taxes have been paid for the previous 5 years. 

I am a licensed salesperson in Texas and am about to take my exam in Louisiana.Nice to meet you all – I'm excited to get started! 

@Wayne Brooks, gotcha. hadn't considered that variable - yet another reason to examine the agreement. 

There nerve of that stupid lawyer!  

I retook the whole exam in PA after 12 months and got like 98% on National and 85% on PA questions with less than 2 hours of studying.

Just examine your situation closely.