This development is a critical wake-up call for investors, property owners, and market analysts alike, signaling a need for strategic adjustment and vigilant market watch.The Catalysts Behind the SurgeSeveral key factors have contributed to this surge in foreclosures.

After the collections I have a 640 credit score and it hasn't moved for a few months.I rented a property with a few friends for a year and after move out we were charged with over 6000 $ in B.S damages including 5k to repaint all the interior walls of the home due to a few minor marks.

Which would require you bringing ~$25k to close. your plan seems smart and based in the reality of our current economic conditions.if you would like additional info about what's available in my midwest market, including analysis of possible acquisitions, reach out to me.

(I've included what I use below).

A good Realtor should be able to explain the Closing Disclosure (including closing costs) to you line by line, but really your lender is responsible for educating you on your closing costs inc. their fees, prepaids, points, etc.

Is that just the origination fee or does that include other items?

@John Aaron I'm guessing that you might be using the 2-T (NC standard contract), which includes default language that the contract cannot be assigned.

Have bought hundreds of property at auctions, including the first property I bought (detailed in Bigger Pockets Podcast #82) and the very first thing is you have to know value. 

- As a rookie investor, I acknowledge that I may be overlooking crucial factors.

I know that’s a factor also but whatever this community has I’d appreciate the advice please thx.