My favorites are the armless mannequin I met in the dark cellar and the room full of severed heads (OK, they were animal heads, and they were stuffed, but it was still freaky AF)FYI if there are known material defects with a property (foundation, etc) then brokers/sellers  in CO are required by law to disclose.

If it's so easy to do a title search, and you didn't mention the title exam which can be the tougher part, why did I spend thirty years handling title claims based on defective searches and exams?

Your argument is downplaying defective heat related items.

Also guys this is what the lease saidReasonable Time for Repairs: Upon being notified by Tenant that there is some building defect which is hazardous to life, health or safety, Owner shall undertake repairs as soon as possible.

Did the agent have you sign a lead paint waiver - if not - that's an out.Are there UNDISCLOSED material defects that were no disclosed?

I'm confident the house was not advertised as having "some heat" (60 degrees) and the rent wasn't bargain-priced based on this defect.

This does not mean excuse major big dollar problems and defects as those should always be weighed in with the most utmost importance in the buying decision.

Purchase and Sale Agreement, Sales Contract.Lender has no knowledge of and is unwilling to investigate into latent defects, is selling as-is with some systems not working?

Compound that with the fact that you need to come with cash/certified check to these auctions (at least in our county) and you have to further research potential title defects and/or building department/code violations I would think that you'd need to purchase these buildings at 50%-70% (complete off the cuff estimate) on the dollar to make this kind of venture profitable.That being said, currently every single property that I see is being foreclosed on for a ridiculous sum (most at least double the assessed value of the property), and it appears as if 98% of these properties are won back by the Plaintiff (the Lender).Is this just a national problem, which make foreclosure auctions more difficult to maneuver?

It's not like buying a TV that breaks so I call customer service who says "oops you got a defective one, we'll send you a new one".