Sold for a huge profit though.The way I see it, operations matter a lot (tenant selection and management).

We are in the process of growing our business in order to start speeding up our renovations and (in theory) bring in more profits annually.

The purchase price will be coming down at least the cost of foundation work, leaving a solid 25k net profit as a sale.

Does this give me a marketable title as soon as the judge gets me the deeds or after receiving the indefeasible fee simple title, should i pursue getting  a quiet title then as you mentioned earlier i could go and get a mortgage, even before the 6 months seasoning?

NFCU has other 100% financing options that may be worth pursuing.

I believe that most are looking hard and taking less profit on the deals they get. 

So it takes a lot of work to find a deal worth pursuing.  

Yikes, the new requirements aren't that big of deal, but if they pursue those further options, that would definitely make it more difficult for people that want to do live in house hack with Airbnb to cover the mortgage.    

Knowing the estimated amount of work you need to put in and the profit you would like to make will be important to know when to back away from the property.

I know any seller profits from a sale can be taken to satisfy a judgement, but this person would be losing the house to foreclosure and thus there is no money to take.