So in all, I see that leverage using a loan is like leverage using a level to unseat a boulder; however, if it's raining on you while you're prying the boulder free, yes you moved the boulder, which is useful, but you've also gotten all wet and it's 40 degrees outside, which is not good.

The exemption may expire if some degree of major repairs needs to take place on the property.

You can only obtain Conventional financing (Fannie Mae) when it comes to investment properties, and when it comes to foreclosures, they're pretty strict. 7 year wait for Financial Mismanagement and 3 year wait for Extenuating Circumstances (the second one can vary from lender to lender).A deed in Lieu of Foreclosure/Pre-foreclosure Short Sale will have a shorter waiting period (like 3 or 4 years)Another issue would be if she has also filled bankruptcy at the same time of the foreclosure - this would have further delayed the bank from repossessing the home.

The time frames required for "full searches" vary by state.

They varied quite a bit.

I varies by location.Check with your permit department.

I finished my Bachelors degree, found a low level management job, and recently even completed my MBA (while foolishly going into debt to do it...I know, I know, at least it isn't a huge crushing amount of debt).

Orange County (as most areas) is made up of varying sub markets.

it will vary based on branch and job, but usually 6-9 months out (summer winter cycle) 

I would say consult with your attorney b/c things like this probably vary state by state and situation by situation.