I guess I've become so used to REOs that having an actual seller who needs to move out has become a novelty at this point.

Even if there are banks doing this,my guess is this this property is too risky to buy ( I am buying for a rental investment property), because this same issue will apply to all other properties in that community and will bring the price of every property in that community by a large amount (unless the homeowners get together and want to do something about it). let me know if I think right

Of course you can sell a property in 48 hours, but guess what will drive it...PRICE!

Make some guesses about what will happen in the future and see how things work out for you in various scenarios.

I would guess you signed a statement at closing saying you would work with the title company to correct any errors found after closing.

The decision to buy from them, I guess!

I guess the question is more general in nature at this point.

In one of the towns that I have a SFR in, they charge a $300 deposit for water/sewer/electric (guess they have been stiffed by tenents one too many times).

I guess, the need to go so low on the interest illustrates that there is no real deal with these numbers as presented.

They are still considering the $10K reduction (I'm guessing they're waiting to see if they get any offers this weekend), and if so, purchase price will be $55K.