For instance, if the previous owner ran a gas line under the slab, that would be a clear building code violation, and something that could cause an explosion were it to leak.

During that time, the prices might drop, the property might be vandalized, the roof might start leaking, etc.Yep, this situation sucks, but on the other hand, it's lucky the issue came up before the property was transferred to you and you began renovations in earnest.

There has been countless news articles regarding "robo-docs" and Mortgage Electronic Registration Systems (MERS) and in about November a couple of the big banks said they are stopping all foreclosure activity.

Buying the REO "as is" by an investor or rehabber nets the lender less if their inspection detects leaks.

Even though I've got the Flu according to the Doc I'm toughing it out and completing my classes tonight.

Our governing docs state that you can have a storm door but must match the trim and/or door color.

I ran into a situation were the seller (US Bank NA) didn't want to sign the closing docs & deed until I closed my end first.

Yes, that would be one option, but it would not be a simultaneous closing, it would be a double closing using wet funds (that of your funder).The other way would be to use a trust, name your wholesale buyer as the beneficiary, you as the trustee, continue the purchase and execute all escrow docs as the trustee.

Sounds like the wholesaler was shopping a deal he didnt have seller signed docs back on yet.

I get both docs signed.