As a Partner in the GC-GOLD Construction Lending consortium with primary markets extending from the Mid-Atlantic States, the S.E. and selected S.W. markets I have to say that we have seen NO reduction in requests for const-to-perm financing from those who want to engage in the construction of a CUSTOM-built home as a primary residence or a 2nd/vacation home when completed.From that perspective alone...

Less reason to come to the site and engage there.

If they purchase a property that they intend to use as their primary residence then their exchange would be disqualified if challenged.

However, there is a 30 day period after the auction where the property owner has the ability to challenge the validity of the auction in court, usually for lack of proper notification by the county.

It does vary in economically challenged communities vs. communities doing a lot better.

Have made an apppointment to see the inside.From what I can see from the pictures, it may be challenging.

The people you will face today most likely wont be where you are going and if you dont get through these challenges, you may not be there either!!

I don’t even advertise looking for houses but I do some speaking engagements and I have been published so my name has gotten around a little.

Seems like it may be best to rehab, rent and hold for a while if the number work out.Working with builders/developers has its own challenges.

Married couples can exclude gains up to $500K on a property they've lived in for two of the last five years.But, as Chops says, it can be a challenge.