Does the bank require an inspection also, or will that be done during the apprasial to uncover any issues?

That might make an injury to your snow-shovelng tenant excluded from coverage and you might have a potentially huge uncovered exposure.

It is a smaller, not so nice yard.They would not take any less than 7k for this entire spot.So recap.

I would think that these major issues will lead to other problems that you have not uncovered yet.

I am looking at a property heading towards a foreclosure auction and our title search has uncovered 3 IRS tax liens on the property.

The more intimate the interaction the better chance you have of uncovering what their fears and needs are which, if properly addressed, will give you a much better chance of converting that prospect into a private lender.

The inspection and attorney review period uncovered some unsavory items.  

You get in contract at price X, then your inspector 'uncovers lots of problems' and you negotiate down to X-Y.  

The sellers that call in based on our marketing efforts will call into our office line and the intake sheet will be filled out to uncover details of the note and motivation for selling.

Issues of fraud and deceptive trade practices certainly apply to commercial transactions, crossing lines can lead to other criminal charges, wire fraud is a popular charge applied as funds are usually transferred, if the mail was used in connection with the activity, mail fraud charges may be brought.When people don't have business experience or really understand underlying financial matters and try to be creative because, for one reason or another they can't perform under usual and customary practices they expose themselves greatly to scrutiny, it only takes a complaint to the right person to uncover mistakes.