Just make sure they send you a copy.We would NEVER put utilities in our name as we've had too many owners cry broke and burn us.

I am located in Phoenix, bought a property September 2021 that had a 1924 2-bedroom house (not livable at all), and a casita that was entirely burned out, nothing left to be saved except the brick exterior.

Hey gang, Spoiler...it didn't burn down entirely, but we had a fire in the Spring of 2021.

Lending institutions have been burned in the past by seller “throw away” seconds, which were used to jack up the recorded  sales price way above the “real” price in order to lower the buyers down payment by fooling the lender into thinking the buyer was paying a higher price than he really was.  

Purchase price: $350,000 Cash invested: $100,000 Off market 20 unit apartment complex in an up and coming areaLocated 2 miles away from new stadiumDirect to seller via direct mailNo broker involved1 burned down unit5 vacancies Renovation: 100kUsed a hard money lender What made you interested in investing in this type of deal?

They money you will spend correcting their mistakes, especially if they burn the place down, is just not worth it. 

I don't know anything about that, but if the house burns down and he gets paid out, he'd still have to pay me out of pocket.

There is good money to be made with short term rentals but a lot of people get burned chasing the shiny object.

Interior gutted down to studs, removed walls for open floor plan, replaced 90% of homes original plumbing and electric, added central air and heat, removed old oil burning system.

The law regarding burning off judicial redemption rights is currently in flux due to some complicated reasons, but historically most judges have thought it took three years of possession post-tax deed to burn off judicial redemption rights, also.