If you are single it is $250k.However, if you turn it into a rental then you get into other rules regarding depreciation recapture from the date it became a rental.

You want to stop showing if its rented and sometimes there is time between finding someone and the rental start date.

Kramer Darwish et al was upheld on appeal:The court ruled in favor of respondent and issued a judgment ordering “Barbara Kramer Darwish and David Darwish” to “specifically perform pursuant to the parties’ written Real Estate Purchase Contract and Receipt of Deposit agreement, dated February 5, 1998, and . . . sell the Property . . . to [respondent] within ninety (90) days.”Real Estate Analytics LLC v.

We estimate cosmetic repairs to be $10-$12,000.I have subs lined up and we are just waiting for our closing date.

Try Auctions.com app.....it is free and you can put a county in foreclosure and a list appears with dates and starting bids.

You buy a policy for the lender because you have to in order to get the loan but don't spring for the Owner's policy.A year later you go to sell the property and the new title search turns up a $5k judgment against your seller that pre dates your purchase so you can't close on your sale.

The rustoleum stuff is what I had in mind.There is nothing wrong with the existing counter tops; they just look old and dated.

Hey Max,Generally speaking, it is a case-by-case basis.The 70% rule is over-generalized and out dated.

At the moment I get the feeling you just see that maybe some kind of opportunity is available but your really not up to date on what can be done with the property and at what cost, and have a real plan in detail for the property, and if there is a real and worthwhile profit to be made at this time.

If you've passed the due diligence period (sometimes called "going hard" because that's the date you forfeit your earnest money), then the seller has a variety of options available to get redress.