"the risk that you would take in such an arrangement is complimentary to the risk that the seller is taking in trusting the buyer to protect his credit by actually paying the bills" and that's where we as investors have the option to walk away from a deal when our position in any investment isn't secured. 

I refinanced two US properties in 2013 and secured one new loan this year all through Wells Fargo.  

You stated that you have poor credit, and therefore can't secure a loan.

I have been contacted by many people claiming to be able to get me business lines of credit or unsecured lines of credit for a fee and most of the time this fee is 10% of the line or $10k...Already in debt and not into a flip lol The other way I can secure a line of credit is to have a company get me different credit cards and liquidate them down to cash, which basically destroys credit and when APR being different on card, this could spell huge bills?

Also there's the possibility of being offered a (questionably legal) "finders fee" for locating the owner of a blighted/abandoned property and securing a deal for an institutional/established investor.So the above commenters are right!

I just feel it is a security issue for them leaving doors unlocked and the garage door open. 

Of these, 1,834,588 (56 percent) are on residential properties that are seriously underwater, meaning the combined loan to value ratio of all outstanding loans secured by the property is 125 percent or higher. 

Did you get the security deposit transferred to you at closing?

Note: when i say charge, it means deducting the security deposit.James and Shanti

If you rub elbows with council and do a bit of research to secure some grants you will likely be able to purchase those properties for next to nothing.