The inside is bad, but if everything works, after cleanup it is livable until the work gets done: No, it has not yet been inspected, but I’ve asked my agent about having a contractor go in before the lender agrees to my offer, so I could pull my offer if my expected remodel costs were too low.

The issue with a condo is you rarely pay to inspect the common areas so really have no easy way to tell if deferred maintenance is building up.

As you noted it is now what I was asking for but it puts me a bit closer to what I want to accomplish.I will have to give it a try for a few days rather than just used the symbol that shows a new post in a forum.John Corey

Same thing with Indianapolis - although the better cashflow outside of Indy is actually closer than an hour.

In some states the process is closer to 21 days in total.

I figure there are three options: (1) get an agreement from him, get it inspected, buy it for cash - that would be ultra-fast and get him out of trouble - only of course I don't have $180K lying around (2) help him get paid up for all his debts in exchange for him selling the house to me, and then I get traditional financing - what are the exact steps here, though?

That means a lease, and a "move in" inspection, and a security deposit to cover any more damages.6.

This doesn't even include the things to come when it's time to actually list, sell and close on the property - someone's got to review the HUDs, answer the phone calls and count the money.Lenders are also taking a closer look at "Repaired Marketing Strategies", especially in new home communities.They're simply not prepared to break their routine, or re-route personell for a single property; It wouldn't be worth the increased liability, or man-hours.I'd add one other thing; On most properties, with most banks and asset management firms, a listing agent is assigned within 1 to 7 days after foreclosure.

Furthermore, I'm seeing interest rates closer to 8% for NOO.

Josh,Maybe this is splitting hairs.The FAQ seems closer to an index.