Keeps me investigating matters, considering a very wide swath of RE issues that keeps me more current than if I set in an office with some specialty.I'm technologically deficient too, it would be a nightmare for me to mine thousands of posts, just can't imagine that.But, thanks for the thought and support. :)

Assuming these are recourse loans, and a deficiency judgment is allowed.

If you have the money available, especially on a fixer, I'd not go FHA, they really don't like deficiencies with the property.

That also includes deficiency judgments if applicable.

A Mortgagee has a greater interest in a foreclosure sale as it preserves their rights to deficiency.  

The main difference between a CFD and a mortgage is the CFD provides for ending the contract without an eviction and with no redemption period, but it also does not allow for a deficiency judgement.

Check Tax / Property Assessors office for any liens or back taxes.Check Insurance CostsCheck Water BillsAlso find out other Landlord Paid Utilities.Have a contractor walk the property with you to note any deficiencies.

As for fixing deficient deeds after the fact, title companies do this all the time.

Kristine Marie PoeI'm not an expert (nor a lawyer) in this area so all I can tell you is what I know (or think I know), and this is all regards CA.I think all notes are recourse unless there is language in the note to the contrary ... subject to CA law that says a purchase money loan foreclosed non-judicially cannot obtain a deficiency judgment.

Some are sold in large packages to investors, but in my REO experience, they want to make sure they are getting BPO value for it.The deficiency bid at auction dosnt tell the whole story, unfortunately.