I purchased a house at auction where the seller had committed suicide by putting a bullet through his head, while sitting in the living room.

Amber,Your whole post is irrelevant because you are saying THE SELLER is telling you what the bank said.If you believe the seller is relaying all correct info from the lender you are headed for a disaster.Get the ATR (authorization to release info form) signed by the seller and give ALL LIEN HOLDERS on title a copy.Now you have the ability to talk to the lender or servicer directly and get 100% of the information you need.

So I began talking to an associate about a search to meet the needs of this individual.

Motel will cost more than renting an apartment, so somebody with no money eventually has no roof over their head.

You sound like you have a great head on your shoulders.

So these guys had the last laugh and made a fortune.We've all head the story of Bill Gates getting the contract to make DOS for IBM because the guys who were making the alternative wouldn't come to the door when IBM came knocking.

You won't be finding owners willing sell their $300k property for $130k so the 1% rule works.I am generally confused when things like this come up, and they come up a lot around here.If I were thinking of opening a Starbucks, because they sure are money makers, but my immediate location was a horrible market for a Starbucks, I either:(1) would open it elsewhere (and accept associated headaches with remote mgt), or(2) not open a Starbucks.Why is the real estate business any different?

I'm just saying I don't know enough to say either way.Thinking about it, I remember the Texas Apartment Association's lobbyists were pushing for it to stay unreported this last year when the issue came up in legislation.I have to admit I wasn't unhappy that it stayed that way.

Your local Apartment Association would probably either have that information or know where to get it.

Hence they get it into their head that service calls are free.