Students are willing to pay a premium for the easy of a single payment.

Our auctions require cash or cashier checks in hand there is not settlement, but that may be different in Maryland.To learn your local rules I recommend 3 things.1) attend a few auctions to see how it works, talk to the regulars you find there2) Find a good foreclosure attorney and pay them for an hour to get them to explain how it works, Hint, they are all listed in the public notices 3) Google the Maryland foreclosure laws and read up on themGood luck!

I have in her lease that she is responsible for painting; however, I don't know nj rules.

Their website is clean and easy to use to get info..

@Zoe Mercier - @Paul McCormick Jr seems to be the one with some insight in this thread :)I don't know whether this is a good deal or not, though I am guessing since the owner is compelled to attach financing to it, the deal must not be so easy to exit.

So it's no easy task getting these homes pry'd out from unresponsive owners or lien holders until they are ready to list.I actually do believe there is going to be a recognizable drop in 300+ homes value and demand but the entry level, rentable, first time home buyer homes will ALWAYS sell if priced properly.

Here is the rundown:http://www.homebuyinginstitute.com/news/hud-issues-fha-flipping-rules-626/

But if you have a track record of being able to close that should be easy to overcome.

Also, when I was making offers, it was just over a week before the government changed their lending rules so I either had to purchase a place or wait and save up even more of a down payment otherwise I would have been priced out of the market.  

It's very easy to get into financial issues just doing B&H's.