We always have to say that to make sure misunderstandings do not arise.  

If I am misunderstanding let me know and we will go from there.

I might be misunderstanding but I would say those 3-5% fixed rate mortgages could really help you out if that's an option.

If they paid me immediately I would chalk it up as a misunderstanding or miscommunication and I would continue as though it didn't happen so long as there was no other reason to evict.  

I'm wondering if I'm misunderstanding what "We buy cash" means. 

I may be misunderstanding.

From there, you can decide if the issue is just a misunderstanding or if there is serious abuse going on.

Thanks, @Duncan Taylor, I did indeed misunderstand.

I think you may misunderstand a bit about how this tax credit works.

Ryan,Maybe I'm misunderstanding your post, or maybe your misunderstanding mine.I was responding to the idea that There likely was something else that stopped people from bidding the loan amount at auction.Of course it would not benefit the lender to "artificially" inflate the price.I was speaking to the fact that the lender would not likely stop at the loan balance amount when there is overwhelming evidence that the property is worth much more, such as this case.And yes, in every state that I'm aware of, the previous mortgagor would be entitled to the surplus proceeds from the foreclosure auction.Your post, So is the lender going to take that kind of risk because of a couple BPO's or appraisals?