The prices for pre-existing homes are through the roof and home prices in general are very high.

In December, I purchases an old triplex in West Virginia that was already filled with units under a non-profit homeless housing organization. The tenant in one of the apartments has been living there for years and has...

The seller never brings funds to the table, unless it is to pay of pre-existing liens.I know this NEVER happens, but this looks like a law firm swinging for the fences and wanting to represent the "class".This is part of the 98% of lawyers that give the other 2% a bad name.

Well, there is no insurance here......insurance doesn’t cover structural/construction issues occurring over time, and certainly not preexisting ones.

A Qualified Opportunity Fund, not to be confused with Qualified Opportunity Zones, has 30 months from the date of acquisition to make "substantial improvements" of equal to or greater than the value of the pre-existing property.

Another option is ask your HML if they have a pre-existing relationship with a long-term lender that may be able to save you on rates and make the transaction smooth.

If the settlement was completed on Friday, and you have no evidence the seller or real estate agent knew about pre-existing problems then the buyer is on the hook.This is my opinion, I am no judge.

this is the same case with a trailer home, all there connections are set and have complied in the past when they were built, changing ownership is not a change in pre existing non conforming spots. if a trailer is removed and a new one put in, that new trailer would have to conform to the new zoning requirements. the function of the trailer park has not changed to another use, therefore i believe the new owner could have fought that and is not something that usually needs to be looked at before purchasing a property. and as you also said, in your county maybe they want you to do that, but can they legally?

If you fixed anything during the turn, you could have deducted from deposit (unless she has proof that it was preexisting condition).Normally when we evict a tenant, no deposit is returned at all.  

After the first meeting with prospects she waits 45 days without presenting a deal to show a pre-existing relationship.