Turns out the previous owner who was long deceased somehow received a loan from the department of public assistance (obviously an expired program) against the house.

If you become a paid member on here for PRO on BP there is a program that does something similar for valuation although it does not have near the functions that this program has.

I've taught high school economics for 11 years and labored through a couple of grad school programs, most recently an MS in finance that I'll finish up this year.Outside of being a homeowner (and a partial owner of family land) I am new to real estate investing.

Some states have ruled they are against public policy and strike them down but many uphold reasonable penalties if they can show a reasonable basis for doing so.

According to the GOV website here currently it appears NC allows buyer rebates. http://www.justice.gov/atr/public/real_estate/rebates-details.html Never have heard of Larry Loftis.

Make sure you don't by an expensive software program to do this.There are products sold based on saving mortgage payers thousands of dollars.All you have to do is what Steve said above...and it is free!

I saw a great write up about BP on another blog that was discussing RE programs you have to pay for in Houston, ie, Lifestyles Unlimited.

Anyway, the next day I went to pull up the listing to show the pictures of the home to my girls and I saw that it was listed to the public as a short sale, for our agreed upon price.

I don't operate in that market; so, I can't tell you for sure.Right now Memphis is undergoing public school reforms where many of the municipalities are building their own school systems.

Some college campuses have those services in-house and some Cities also have that as part of their housing programs.