Examine owings mills mall circa 1995 vs owings mills mall circa 2015.

That being said you get time to "examine" the property for issues etc during the due diligence.

If the house was built in, or after, 1968, there is the possibility it contains aluminum wiring - you can easily identify this by looking in the panel or pulling several outlets/switch out of a box and examining the wire ends.  

I'd be closely examining exterior walls for signs of cracks and interior walls for signs of repairs.

Buying an REO gives all the control to the bank (or Freddie in this case).If you use your own title company you will pay a lot more, but you get more control over closing and a more trustworthy examination of the deed.

And these days, the HML is looking at the borrower's credit - even if you say it is to be owned by your LLC, your credit will be examined.

And if Murphy pops his head up on a 200K property that can easily be gone and you'll be spinning your wheels for nothing.You also need to examine your own skills and your ability to flip a sow's ear into a silk purse.

You want it in writing as some office types might say no, then an RE examiner shows up and gigs you, which could mean your license for awhile or forever.

Good morning all,Bank fraud and embezzlement, along with prudent bank practicies are at the top of the list for any bank examiner.

This would effectively extend the ability of the CFPB to regulate and examine individuals as well as entities, which has real significance to small operators hoping to escape regulation.Under the proposed process, the Bureau would provide a nonbank covered person a notice (Notice or Notice of Reasonable Cause) stating that the Bureau may have reasonable cause to determine that such covered person is engaging, or has engaged, in conduct that poses risks to consumers with regard to the offering or provision of consumer financial products or services.