You have to know your market to determine the value conditions at this time.

(it was basically stolen from us.. we had filed for bankruptcy, paid our lawyer to file for homestead so we could keep the house which we had no problem paying for, and the lawyer failed to file the paperwork in the right order, thus there was an objection from the trustee and we lost the house).

Got a call from a seller and here's the info: SFH that he described in good condition, needing updating on the finished basement and the bathroom as well as a new roof probably (mainly b/c it's old, not b/c it's leaking).

I am what you'd consider a quality tenant, I leave the property in as good if not better condition, I would not rent a place that is dumpy, or just okay.

The REO I want to buy has been vacant since November without heat or a/c. Do you think that mold could be an issue now? Originally we submitted our offer we had no contingencies, but now I'm thinking we should do a ...

Amazingly enough the house, in its rough condition, didn't sell in time and the house was lost.

The new buyer could foreclose for 5k, plus around 3k in lawyer etc. and put 20k, for rental or 35k for resale, and have built in equity?

Lease options are by far less stressful when things don’t go your way, and market conditions change.

And often these website give you sold comps and you really dont know the type of building or condition that they are giving you as comps.

From lawyer I came to know that there are multiple offers on the house including 1 cash flow deal.