A trustees fiduciary responsibility is a very serious thing and if they don't live up to it they can be in huge trouble, or the trustee IS living up to it... quite hard to know without a copy of the trust and verifying the property is therein.If there is still a probate going for this same deceadents estate... after 10 years that would be quite extraordinary, I had one that will last even longer but it has exceedingly rare and complicated circumstances. 

The required verifiable income for the rental is $3600 per month. 

A few other things to consider:-If your plan is to mortgage the second property you should verify beforehand that the refinance on your current primary residence won't push your debt to Income ratio too high to get approval on the new mortgage. 

They didn't ask any questions to verify occupancy because they were keeping it as a primary (non-conforming) loan anyway. 

I'd definitely verify.

Have you talked to him about it to verify that he'll be interested or located in the area? 

But the comps he gave me have a very large range (about 40k) for basically identical properties.

I actually use a site that verifies all pets/service animals/emotional support animals ADA/ Fair Housing guidelines.

Verify you can qualify for a loan and what the ARV requirements, etc, are. 

Check your recorder of deeds site for info on properties.Also, verify proper notice was given to lien holdersother than 1st. if there are any if, not the sale can be declared voidby other lien holders if they can prove they were not notifiedof the sale.Set a max dollar amount on each bid and stick by it.