In this situation, your yield and return is a function of the interest and the future potential of gain on sale/settlement.

I bought a property in May for $250.00 subject to..... a lot. It then had liens totaling over $275K, $4K past due HOA fees, and back taxes of $7K. The seller had filed BK in 2010, included the house, and then moved ...

I just got my commitment letter today and they are working on settlement.

We have extended the settlement twice and now it looks like it might not happen till after the holidays due to the lender needing more time to pull everything together.

I had read somewhere that a bunch of these properties were from the ROBO fiasco and these banks had finally reached settlements with the Government as well as many individuals paving the way to dispose of these properties.Also could be that deposits and also new loan volume at that bank have reached a point where they can release a bigger quantity of properties and absorb the losses.

This shows up as a credit on your side of the HUD-1 settlement statement.

If not, you could have issues with settlement.

Did you get half of her shoes as divorce settlement?

Try just requesting a discharge without first asking for a settlement.

You will be given a settlement date, usually 30-60 days from the date of your accepted contract.HUD will pay real estate agencies a commission of up to 6% for the sale of the home.