They may be able to provide you with forms, or refer you to a lawyer who can provide the papers.

the best way I have found is to look at the sales in your area and price range of forecloser sales the banks now these and acording to the condition will not drop bellow these should you find one that needs alot of work try a justifcation list of cost

This method works best with single family homes that are in great condition.

I also know I need to get a very good appraisal of the condition of the house and the current market.

The laws of your state will be a large factor and a lawyer can give you the best indication of your chances in the courtroom.

The key is to buy a property in great condition so these problems are not rampent.Get into the game as soon as possible, this buying opportunity has never been seen before in our lifetimes and may not ever again, at least to this degree.

It doesn't really matter the condition of the property as long as you know you can sell it for a lot more than you paid for it.

I have had success estimating ARV by looking at as many sold comps that fit the description of your property as possible, listing prices dont count in current conditions.

Haven't heard of insurance to deal with the lawsuit, but if your contract allows for a lawsuit, and it looks like the buyer has recoverable assets, you should be able to find a lawyer to take the case on contingency.

Hey Jason, thanks for taking time out of your busy schedule to give me some knowledgeable advice about this topic.all I need now is to know how to keep my attorney fee's down when creating these contracts lol, which I would like for my lawyer to draft so that way i'm well protected at an advantage (my lawyer charges $320 an hour, thats why I'm concerned about this issue).