This is extremely common in areas of C D quality properties.. not necessarily the tenant that did it could be just your typical theft when a home goes vacant. this is why its critical to have a vacant home policy in force on your rentals..

It means the bank has already foreclosed and they didn't sell it at the auction, either because no one bid or no one bid high enough for the bank to accept and they thought they would be better off selling direct to a buyer on the market.

Ofcourse they have certain rules , some of which I might agree , some I might not , but at the end of the day , that is the case in every aspect of real estate investing .Anyway , I have researched extensively on using construction loans , and am doing a rehab with that approach , learnt a ton of stuff - If you ever consider that route , dont hesitate to get in touch via BP - I can review my notes and perhaps give some pointersThe first page on this website says "NO surprises" lol.

There actually was training - not upsell - at his Boot Camps then, so I can't speak for today, but I highly recommend getting hold of his materials, even if on eBay.

So far I have an ok quote from Bamboo Ins but I've never heard of them and they don't say on there website who is the underwriter.

We offer a free customizable POF on our website when you sign up with us (at no obligation). 

One thing that has not been mentioned in this thread is GC buys properties in high quality areas.

I highly recommend Seller Financing - it is how I have bought most all of my properties.

But agree third party real estate web sites don't update status changes of a property based on my experience. 

Seems that inventory is very low, property prices and interest rates are very high.