I already know what they will pay for a 3 bedroom house in this area that needs this much work.

You might be able to do a double close, but I’m not sure.

Yeah, its trickier with REOs, but you can do a double close or do flash cash or find a partner or something.The other thing is that banks are just really, really hard to deal with.

It's been a wait they are trying to get the title all cleaned up.Well today my realtor showed us a house in a great neighborhood, 2 bedroom, 1 stall garage (small 832 sq) asking $30,900 - assesed at $49,210 (foreclosure - Freddie Mac), we are going in at $22k for the house and it need about $10k to get it ready to sell but if we were to put carpet/paint in the house for $1k or so we could rent it for $550 easy and then do a lease for 6 mo's then finish it and sell it for $60k - do you think we should do it?

They are "two detached houses." one has 2 bedrooms and 1 bath.

Yes Mike she may be wrong for not paying her bill but again I say until we can remove these double standards people like that lady will continue to be victimized by a dual standard system that devalues the meaning and importance of life for the purpose of greed.There is no dual standard here.

It's a 3 bedroom bilevel with 2 baths, sunroom and small inground pool and two car garage.

It is a 1 bedroom/ 1 bath condo.

It's a double edged sword.

The double standard will continue.There is always irony in any situation.