I have taken courses on buying tax defaulted deeds at auction so my plans are to buy 40, 50 60 cents on the dollar.

This offer extends through to 120 days past due."

More than likely, the loan officer on your file either A) didnt know their own product very well, or B) glossed over this aspect in order to get the loan to closed due to a lack of integrity. 

Lots of friends (owning competing businesses) had to go through Bankruptcy recently due to the small market shift that occurred, just bought at the peak and were too hopeful in the market continuing upward.

Closed on 2/21, a day late due to an additional HUD asset manager/HOA dispute.

Make sure you're paying attention to taxes and insurance as well!

This Raymond St property caught our attention due to its affordable purchase price and potential for a high return after renovations.

I do have preferences ie close to beach/lake, no state tax (limited but if possible). 2.

While it is great to have those kinds of personal relationships with board members it doesn’t really make much difference in our area due to the nature of the requirements.

I am in Ontario Canada, but looking to explore the Ohio market due to its proximity to Toronto and very attractive cap rates.