I remember years ago my Dad was in a case in the 70s were the seller failed to disclose these issue and he won  a big one..  

Case in point.

And, I know the tenant has the money so I could collect the money if I won; it wouldn't be like those cases where you're not going to collect money from a deadbeat even if you win the case in court. 

Hey @Nick Jones @Will Porter @Shawn Morey You probably already found this answer but wanted to follow up just in case.  In

So, generally I get 10% down or $30,000 in this case, in my pocket, to keep, in a matter of weeks.

@Aaron D.This doesn’t seem to be the case in Bergen, Hudson, Essex, and Union County currently.

thats not the case in many markets of the countryhowever in areas were exsisting homes still sell for far less than replacement there is no starter housing as there is no need for it.

Speaking from my case in particular, I signed a piece of paper saying that if the loan defaulted during the course of the 30 years, the lender cannot come after the seller. 

Case in point, the market is going down again tomorrow on the Fed announcement today.  

Some people say Delaware is "cheaper" but that's not always the case. In