Fortunately, my RE attorney is also a licensed CPA, so I get both rolled up in one body.

We are currently attempting to sell our nicely landscaped and updated house; however, we will have to bring at least $2000 to the closing table to unload it.We figure we will end up renting it out, as it is generating zero buyer interest, and we know it will lose value as a rental.

:( :( :( The lady is really old and any attempts of talking to her logically do not take.

You could have a claim that the debt owed was abandonded since you made no attempt to clollect.

Obviously, I can't go into that anymore either because god forbid, I don't tell the truth in an attempt to warn/educate others on what to look out for without being sued.

Any lender that enters into a contract and then attempts to tell you that you may not obatin a loan (unless so stipulated originally) is totally wrong and simply tell them that you will be closing with cash to them in escrow.

FM is about to roll out an initiative similar to Fannie Mae, where all properties need to be listed for at least 15 days before any investor offers can be presented, in an attempt to get more owner occupants into homes.You must have a real estate agent represent you on the purchase, even if it is the Listing Agent, and Freddie Mac does allow the Listing Agent to represent the buyer (dual-agency).

But, on the $50k to $60k ARV properties they want to sell me, there is not enough left over to pay for the stolen copper or the body guard to keep me from getting mugged!

As you mentioned be careful approaching the appriaser with comps, some frown on it as an attempt to influence them and some welcome all the information they can get.

From my attempts at doing similar, they are more than happy to sell without having to use the MLS and a listing agent - but they really get stuck on getting the specific asking amount for the house.