It is shocking how little many of these people know about financing options.  

sounds like a typical fixer upper .. and very typical for that vintage home. nothing shocking here.

I was shocked when they told me they took out mortgages on the paid off properties, to invest in more properties. 

I think the people who bought in the boom and thought it was smooth sailing to easy profits every month have been in for a shock.

All done through govdeals.com At this point the easiest and simplest and least costly thing to do is to just go to your local attonrey that does real estate closing and Pay for a title commitment/  We call them preliminary title reports on the left coast.. get the report and read it.. usually cost 200 to 400 bucks.. we get them for free from our title companies based on our volume of orders we send them..

Hi everyone,I'm delving into purchasing properties through foreclosure auctions and am trying to navigate the complexities of preliminary title searches.

You’d be shocked by how little actual screening many PMC’s do!

@Marcus GriffinTypically as part of a modification the bank will have a “shock package” which includes information and forms to be completed by the borrowerOn those forms there are questions like will they or do they occupy the property, there income, do they plan on keeping th home.This is equivalent to lying on a bank application which is most likely considered fraud Not providing legal advice but this is definitely a very slippery slope you are getting involved in.

Hey Ryan, yes I was told that just a cleaning alone, not any repairs, would be around $200-$250 but was shocked when I was sent an itemized bill and was charged $550 to clean a 2BR/2B condo downtown.

@Clare Cui - I don't ask the prospective tenants questions aside from a preliminary qualification check and our rental application.