My wife and I are looking in to buying our first home (we currently live with her father) and have heard that a forclosure would be our best bet for a good deal.

I'd be willing to bet that almost any county in CA has 100s of "deals" like this sitting around for the asking.

If you have ever read a standard note and trust deed used by mortgage lenders, I would bet a good attorney could find 20 things many home owners are breaching in their agreement on a regular basis… i.e. parking commercial vehicles, or operating a business from the premises...

I bet you wouldn't turn around and go back where you came from.

You bet---as far as Bob's "they need a job" statements, in order for FHA to work, they will have to have a 2 year employment track record (with no gap) and be able to document it (as in FULL DOC) in order for FHA to be considered...I also lend in IN and would be available for a 2nd opinion if desired...Regards,Scott MillerOriginally posted by "BlueStarHomes":Thanks for the input.

Bets of luck!

Even middle class America has now begun foreign investment as a means to "hedge bets" against a US recession/fallout.

Of course I'll bet you'll want to check out the rest of their site as well.

Hard money may be your best bet.

Your best bet is to strong arm the sellers about the money that you spent and try to force them to honor your agreement.A good friend of my once told me that if I wanted to be a bankrupcy attorney...make sure that I get paid up front.