You proving they knew about it is going to be next to impossible.You could try to go after the seller but it being a short sale it's doubtful even if you won in court and had a judgment collecting is tough and likely you won't get a dime.Is the property otherwise okay except for this one issue??

I looked that up for you on MLS and it appears that the highest and best use of the property is a condos.

Don't know what's in holding costs, purchase costs should be itemized but you can guess.Your rehab figure appears to have been added up, but don't know if you included the cost of the dumpster, trash hauling, permits, etc.

It also appears we have an issue with any loan to value with limited funds, another situation that a private lender/friend could overlook but not a hard money lender.Until we get some feedback from the listing agent on what the seller might be willing to do, it's kind of dead in the water, unless private funds can b located or a straw buyer comes forward and then re-sells the property.

I don’t know their specific policy but it appears they’ve been burned enough by lenders who can’t perform that they are asking to see the cash in hand.

In all of the states I've worked in (as an assessor) there have been three steps: (1) an informal request for review of the assessment to the local assessor; (2) an formal appeal to a local appeal board; and (3) a formal appeal to circuit court, tax tribunal, or state revenue commission.

Here are a few pictures of issues that are scaring me, and what appears to be scaring investors off also (since it has been on the market for nearly 3 months, and no investor has touched it yet).This is a picture of the roof trusses, which you can tell have been severely damaged from a fire years ago.

The couple of bucks you spend will save you from a savvy and stealthy professional tenant from dragging your butt into court for locking him out of his home and rendering him homeless.Ping me, I might have an legal advisor for you.The rich make the laws to protect themselves from common.

Court documents, or a call to the bank's REO department might get you to the person/persons to speak with concerning your interest in purchasing the asset.You may be able to purchase the note prior to foreclosure, or purchase directly from the bank post foreclosure.I worked for a California bank back in the RTC days and handled their REO portfolio in AZ.

As a property manager in the DC area for 6+ years it always makes me smile when someone recognizes the true skill encompassed in what may appear to be such a simple position.