This is actually a good result when this happens as you are the holding the first lien on the property.Rules on redemption of liens and foreclosure actions not only vary state by state but county by county, so wherever the property is you need to ensure you are aware of the laws pertaining to the locality.

If you had a 1 bedroom penthouse with secure parking and other things that are not reflected in the data you will have issues.

Maybe there could be some sort of data base or sticky thread with that info.state county transfer tax (% or none)Yes, I agree that new loan docs will need to be prepared and signed.

You need to be able to do your own title search to ensure you know the liens outstanding and the position of the foreclosing DOT.

Of course, this assumes you are obtaining credit reports in a format that includes sufficient data fields.

Meaning, if I am referring a property, how can I ensure I don't get thrown under the bus, and a deal is cut behind my back?

Do you really believe the skewed data reported by an investor owned website that happens to be marketing franchises?

I deal with over 90 lenders so that I ensure you that I am able to offer you the most competitive deal for your financing.

Figuring a deal that closely will get you into trouble.Having said all that, if you honestly want to try to accurately estimate, I have been very satisfied with the data and format available from http://www.contractor-books.com/Software.htmFor a very reasonable cost, I use the CD estimator occasionally to keep the contractors honest, and find it pretty accurate as to materials.

Your data was very informative.