No hard money lender could move that fast.. uncle bob was not going to rescue them .. so it worked for us..Now the laws as you probably know all changed in 07 08 in CA and OR and WA.. so I have not done it since at least with pre foreclosures. in Or.. if you flip the house and you bought it while in foreclosure you and you sold it in less than 12 months you have to give the old owner 80% of the profit.. so that took the fun out of  it.. most don't even know the law exist but at our level we are prime targets for someone taking a poke at us.. so not worth the risk. 

@ronjackson Given that I probably wont have much taxes to pay and have to run a rescue mission on couple of floundering properties elsewhere (Chicago), I think selling makes more sense.

He's a rescue, I believe a lab/retriever mix, less than 2 years old.

See code below.IRC CodeSECTION R310 EMERGENCY ESCAPE AND RESCUE OPENINGSR310.1 Emergency escape and rescue opening required.Basements, habitable attics and every sleeping room shall have not less than one operable emergency escape and rescue opening.

This is where home improvement loans come to the rescue.

This may not be illegal, but there is a police detective involved investigating what she calls "Mortgage Rescue Fraud," along with legislators aimed at shutting down these rescue scams.I am confident nobody here has any intentions of practicing these predatory habits, but we are all exposed to potential claims when dealing with the previous homeowners.

I would also like to have more time to spend with our 3 year old rescue pittie/shar pei mix and 2 cats!

Any rescue might not come quickly, as regulators are holding off on providing additional help to see if policies already put in place ease the industry’s expected cash crunch… That could lead to anxious moments for Quicken Loans, Freedom Mortgage, Mr.

Whether they need the money for this property or for something else, to me this sounds like a rescue loan to someone who is out of cash.

The sprinklers give them extra time to wait for the fire crew to come to rescue them from the windows before they panic and jump to their deaths due to flames burning their backs.If the local government believes sprinklers are best and requires them--that's probably the reason.