Sometimes liens aren't found initially when the preliminary HUD is submitted to the bank for approval (such as a utility lien for a few hundred, a city lot clearing lien, etc).

You also can concentrate on learning and meeting people until you turn 18.BTW as awesome as it is you are taking this kind of initiative at your age you ARE still just a kid.

@Thierry Van Roy do you have a model you use for initial screening and deeper analysis?

I have a money guy coming in with the purchase price and my company will come in with half the initial repair cost and do all managing and repairs going forward. 50/50 profit split.

Bank initially approved my offer to buy a 6yo, modern, nice, heavy traffic, 8000sf foreclosed strip mall in Clayton County, GA for $475K cash.

The bill ended up being about $3K, while my handyman could have overseen it without me, he called and verified with me every step of the way.

Obama first announced the initiative during last year's State of the Union speech.

My post was entirely about how things were implied initially and it's been changed.

If your offer is complete with all required initials, any lender required 'verbiage' and/or SS addendums and updated proof of funds .. it will prevent delay's but might not make it go 'faster' per-say.

We would then like to purchase another MFH (ideally 4 unit) within a year of our duplex purchase, and I anticipate that purchase being closer $300k (though hopefully less).We have $30k available for down payment and closing costs, because we were initially planning to put 10% down on a SFH in the $250k range.