You're left with a property a long ways off that you can't rent for anything near what they claimed and can't sell for anything near what you owe.Don't, don't, don't pay anyone anything until you go there and check it out carefully and in person.In the interest of fairness, I had a look at their preso.

Estimated fair market rent = $1200/mo.

He's a pretty good speaker, so it was fairly entertaining, if quite long.

Right now I am fairly handy with plumbing.

There are some really nice commercial buildings fairly close to me, located on the highway, with good parking, in towns with populations under 1,000.

Just to give you fair warning, since you seem to be interested in such posts from 11 years ago. 

You know your quote under your name says "Investing with honor, for a mutually fair profit".

Most foreclosures have not been maintained.

And this code will greatly impact their However, after 2 years there are no FM restrictions from a short-seller from getting a new loan (given that they have recovered their credit by then).Is that a fair summary?

All others only have a duty to be fair and honest in their dealings while working within the confines of their stated fiduciary duties, unless of course you have a true "Dual Agency" situation.