While a Special Warranty Deed, will at least warrants something, excluding those specific issues stated, if it used as a deed in lieu of foreclosure, in most states there is no recourse for the lender in accepting any deed as full payment of the obligation, so even if some issues were warranted, enforcement is not available.

(IRC 514(c)(9)(C)()ii). the code excludes: Acquisition indebtedness, Real property acquired by a qualified organization-mean; any trust which constitutes a qualified trust under section 401K3.

courtney, you are missing the point.first zillow and that other site are NOT a good way to get the value; you need to use a paid service to get realistic comps and you need several, not two. also, when averaging comps, you exclude any significant outliers. your two "comps" are outliers to each other so neither of them proves anything.you cant just take two comps and average them. what if your house is worth the 65k?

Will the insurance company still insure the building but with a clause to exclude the damage that is there?

I understand that my agent doesn't get paid until we close on a property and excluding her from the discussion on this potential deal would prevent her from getting paid.

(not sure where they pulled 575k except for high side comfort)Gross Income: 70500Expenses: 38k (excludes probably low family mgmt fee's and there has been 0 vacancy in this property for many years).Unit info: 4 - 1b/1b (unsure of sqft but est 750sqft)2 - 2b/1b (I est 850sqft)1 - bottom floor office, support up to 15 employees.

The meter is inside the house so i THINK that would exclude any leaks outside the house from going on my bill, but i'm not sure. 

The maximum number of financed properties that are permitted is based on the underwriting method, as described later in this topic.The financed property limitapplies to the number of one- to four-unit residential properties where the borrower is personally obligated on the mortgage(s), even if the monthly housing expense is excluded from the borrower’s DTI in accordance with B3-6-05, Monthly Debt Obligations (01/30/2018);applies to the total number of properties financed, not to the number of mortgages on the property or the number of mortgages sold to Fannie Mae;includes the borrower’s principal residence if it is financed; andis cumulative for all borrowers (though jointly financed properties are only counted once).The following property types are not subject to these limitations, even if the borrower is personally obligated on a mortgage on the property:commercial real estate,multifamily property consisting of more than four units,ownership in a timeshare,ownership of a vacant lot (residential or commercial), orownership of a manufactured home on a leasehold estate not titled as real property (chattel lien on the home).Examples — Counting Financed PropertiesThe borrower is personally obligated on mortgages securing two investment properties and the co-borrower is personally obligated on mortgages securing three other investment properties, and they are jointly obligated on their principal residence mortgage.

Well, that guarantee is worded a little loose, it doesn’t specifically exclude anything not addressed/repaired.....but I’d still stand on it just being the work you Actually did.

I don't have anything in my rental criteria that excludes applicants with previous foreclosures.