You could possibly run the risk of mistaken identity.

The following is what I found.Seq#Sale DateSale PriceSale Type1 06/01/1979 (obsolete sales codes) 2 08/23/1991 $03 12/11/1995 $315,000 Good sale; verified 4 08/20/1996 $537,000 Good sale; verified 5 09/26/2002 $0 6 10/28/2002 $07 12/15/2003 $280,000 REO Sale-Gvmt/Financial Inst 8 09/13/2005 $09 09/15/2005 $0 Foreclosure 10 11/10/2005 $011 11/01/2006 $0 Good sale; verified 12 11/14/2006 $013 01/29/2007 $1,047,000 REO Sale-Gvmt/Financial Inst It seems that this unfortunate properties has been foreclosed twice.

Well, I knew things were not well priced here, but your input verifies my opinion.

Of course you should verify all numbers prior to making an acutual offer (i.e. if you figured insurance to be $100 a month and it's really $200, your viability could go out the window.)

And I am pricing this security/condo at $230K and it WILL sell at this price and I will be able to pay it back, as we are actually verifying my income etc. so my security will actually be worth something.But with this bailout...

I have another rental down the street that is almost identical.

Buyers have the 3 items needed great credit, verifiable income and assets reserves.

I paid $20K for it and an almost identical house literally across the street recently sold for $52K.

A nearly identical house literally across the street sold recently for $52,000.

The $1051 they stated includes the taxes (which I verified, and what they stated is accurate), the water and gas, insurance (they're stated wasn't far off from my quote), maintenance, and reserves.They claimed 99% occupancy over the past five years.