The old landlord's signature is equally as valid as though it were your own.

Read this:https://www.biggerpockets.com/forums/51/topics/1075919-five-...Finally, taxes is not a valid reason to buy real estate.

Title company started title search and while waiting for results (we knew there were multiple liens that would be paid from proceeds at closing), I paid off property taxes so foreclosure was stopped after seller signed the warranty deed over to me in front of a notary.

Yea, I wouldn’t agree with this unless there was a valid reason for changing the flooring.

Don’t assume they are valid, especially if your borrower uses unlicensed contractors, but understand what’s going on and what you might eventually contest or pay.Verify property taxes have been paid.

So just always good to check but use enemy method to validate or find comps with historical financials near by.

Hi @Cj Powderhorn,Your concerns are certainly valid for Cape Coral regarding the excessive time on market.

Great info to have and I'm glad you were able to validate that the first person was the right fit!

(Note its typically reduced by the percentage, so as an example if you pay 90% - $90k for a $100k loan, and the UPB was reduced by $1,000 - you get a $900 deduction not the full $1,000).But let's take a deeper dive into a LSA and some of the key areas - Specifically the section called "Representations, Warranties & Convenants" For both the buyer and seller. 

Plus, the fact that you wouldn’t have to bring money to the closing table is a win—some investors have had to do that just to move on from a bad decision.That said, if you can hold on, cover the mortgage, and keep repairs manageable, it’s likely just a matter of time before values bounce back—especially with the projected rate cuts.Both options are valid, and there’s no right or wrong decision here.