I'm currently undergoing a similar process interested in the city center area.

Any thoughts or guidance is very much appreciated and worth a big fat steak dinner if your in my area or coming thru!

. $120k is a fat salary for an individual (although if you are wanting that yacht life, it may be a bit low...).

I'm not very familiar with NJ's, but it isn't really a process that you have to undergo or anything.

Any new development in this area must under go an environmental study.

I could see many situations where someone undergoing foreclosure could use that to their advantage in a malicious way.

Sometimes it takes a fat check like in your case.

I'm beginning to see why Banks want to turn away business for such small sums as say less than $50k, because their FAT flat fees do indeed make it true that "much higher legal fees make not a big difference in bigger deals, it does in smaller transactions"!

And with all the money you saved from living there for free or almost free use it as a fat down payment on something nice and have that cash flow too.

One of their pitches is to encourage sellers to write conforming notes, and season them, to get the highest value on the resale market.Their advice, which seemed like great advice to pass on:Have the buyer fill out a Fannie Mae form 1003.Check buyer's credit with the buyer's permission.Require minimum 620 credit score.Require buyer to undergo credit repair.