Or rather the agent made a mistake if they let a person not on title and without court orders sign listing and purchase agreements.The agent needs to know what he is working with here as it may be a dead deal.  

It's a normal 2 lock set up, 1 handle/knob and 1 dead bolt. 

They were a distressed owner on the verge of a tax dead sale.

However, if we make credit more available, then that effects the entire market and prices rise, making credit more available to only one select property does not justify a much higher price, no more than what other credit arrangements would cost.A note to everyone, not just Jeff, as he is dead on, but this stuff isn't just Bill's opinion, this increasing price aspect is clearly stated in predatory laws and valuations are described in appraisal requirements, financing does not increase the value of a property.

I wanted to read the article but the link went dead : (I wonder if it's now hidden behind a subscription..Just wanted to let you know in case there's a way to get the link active again.

@Cecil Russell  I really think @Hattie Dizmond is dead on....2 months...really??????

Philip is dead on, this is a pass at that price, maybe a deal at 200k.

Everything on this post was dead on except when you said that only Freddie will buy these loans. 

At 5% or under bank rental financing its brain dead simple analysis, REFI or buy into loans at or under 6% till the cows come home.  

Our associates will price the needed material before negotiating with a contractor - that cost less his estimate less some labor is profit.Protect yourself:Don't give an up-front deposit - never - if they can't afford to buy materials for the job out of their pocket - you don't need to do business with them.Don't let the contract get ahead of you on draws - pay only after portions of the job is completed and inspected.Pay  attention to dead lines - a missed dead line could be an indication that he is on other jobs and yours is not so important anymore.Your contractor is NOT your friend - you have enough friends - KEEP it all about business and satisfying your needs FIRST.NEVER let a friend or relative be your contractor!!