I never would have been hired by FDIC as an Examiner if I had not had a degree.

But that puts the title company in the unenviable position of suing the same guy who's going to continue to send you work.This could turn into an ugly mess if every foreclosure and REO transaction since the start of this crisis gets re-examined.

If you are talking about the current situation, it is more likely that they are examining foreclosure documents.

The IRS is examining the high administrative costs claimed by some non-profits.

Also note that a common audit technique used by the IRS is to examine all bank deposits made in pass through business and personal accounts.

You may make a good case for depreciating the use of 100% of the property, but in so doing you will also lose any chance of exempting any capital gains due to personal use when you go to sell the property.This would be a situation where I would want to examine all of the facts before rendering a decision.

INSPECTIONS: Buyer warrants that they have previously viewed and inspected Property and accepts the Property in As−Is condition based upon Buyer`s prior examination of the Property...Buyer is aware that Seller acquired the Property either by way of foreclosure or by deed in lieuof foreclosure, and that Seller is selling and Buyer is purchasing the property in an "AS IS CONDITION WITHOUT ANY REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE"....This purchase is not contingent upon or subject to the findings of inspection reports requested by or on behalf of theBuyer.

Very little of what they do is based on a rational examination of the "other side."

As a student you are exposed to a lot of issues some of which you might not ever see again outside of the classroom.I believe the RE broker's exam in my state has an outline available.

I will be taking my broker exam in two weeks.