I understand that without proper meeting minutes a savvy lawyer has a better chance to pierce the corporate veil.

House is in very good condition with only expenses are appliances, replacing the carpet in 2 bedrooms to hardwood floors and transfer taxes (no back taxes even)...As said, as a first time home buyer not sure this is the right approach (to buy without CO and related consequncies) and looking for advise here from the investor community.

However, as noted above it takes man hours for a lawyer to find the trustee and beneficiary of a trust.

That means they need to bring $80K to the closing table.In both the examples, when someone goes into foreclosure, its unlikely the house is going to be in move in condition.

It's clean, but keeping the place in show condition is a pain in the @55...I'm completely new to this so please bear with me :)Our PITA on the townhome is about 815 / monthOur ITA (is there such a thing?)

If you are buying at a forcclosure auction you have NO idea of the condition of the house and you are not neccesarily getting free and clear title.

I presume as long as I watch the area and condition of the properties it should be ok.

Essentially the lender works with their lawyer to determine the “upset cost” of the property for the auction.

GET YOURSELF A LAWYER.

Sure those that are listing RETAIL are NEVER deals regardless of the market conditions.