They do have unique problems that can occur and there are specific things to watch out for.You really need to nail down your numbers on repair costs because that is where it might eat up your money.

the thread is about Biggert-Waters, so the issue is not about the typical insurance increases that have historically occurred.

The sales should have occurred within six months preferably more recent.

As a general rule with HUD-owned houses If the damage occurred between the time of the contract and the closing then yes you can back out and get your emd back (your 1K) but if it was there when your offer was submitted you will lose the $1K emd if you back out.Also be aware that your mortgage lender may refuse to lend money for the house if it a major problem.

CF has no place here as it opens the doors to many potentially harmful situations, most of which on the investors side of the deal.

That being said, I am sure undocumented gifts occur everyday in Canada.

The rental properties I purchased are in Conroe, an area where I know substantial development is occurring, vacancy rates are low, rents are high enough to meet the 1% rule, and schools are good in the area.

the length of the probate depends on the type of probate that is occurring.

I presume you have at least that much.What violation do you believe has occured?

If the foreclosure auction occurs, the short sale is dead.