At least that's the case in Oregon, I'm not sure on the any specific laws in Memphis so you'll want to seek counsel on that.

Insurable title enables a smooth closing when you purchase the foreclosure property; but, it also makes the title defects potential sleeping giants.And, even if the giants never awaken, when you later sell the property your buyer will most likely require that you convey marketable title (which is typically the case). In

It should have been presented at the time he started showing you property though.Not the case in all states.

In addition, I suspect there will be much higher annual expenses for things like paint & carpet than would be the case in an income ppty with stable, long-term tenants, correct?

Case in point, we jacked up a brick house almost 4" on a corner crack, and had to repair the brick face and interior sheetrock.

labor warranty lasts till last roofer crawls down off it OR it rains,,whichever comes first.Next door neighbor is excellent case in point how NOT to get your roof done.

I don't know if that's the case in OH, but in the Seattle area (since Redfin is based out of there), I can get within $5k of a true comp.

Here is an active case in Collier County.

Case in point on a house I asked about this week:"Please forgive my comment but this place is a s**t hole.

I hear HUD deals or foreclosures are drying up drastically is this the case in your market??