That seems like an awfully long time, I'd see if there are ways to boost your savings to get that wait time down.

Or maybe someone from New York will think that 400k is cheap because apartments back home are $1mil.It is stupid, but for some people who have no morals, it works.

While a lower score will not automatically disqualify potential investors, this all-important number in residential redevelopment could hinder one’s ability to access certain loan programs.⁣⁣People with subprime credit may face financial barriers to homeownership, making it difficult for their dream home to become a reality⁣.Here are five things to remember if you want an excellent credit score:Pay bills on timeKeep the amount owed under 30% of the limitThe longer your credit history, the betterMultiple credit inquiries can lower your scoreVariety in types of credit can boost your scoreI would love to hear your thoughts on this!

Since my parents will move into the new property and rent the old one, not many lenders want to deal with that for some reason.Their equity in their current home is not enough to significantly boost the cash they already have.

Getting a real estate agent license can really boost your profession.

I feel morally compelled to save as many people from this expensive ripoff.

@Jaime Morales Welcome.

Originally posted by "navydoc":Mike,I was thinking the same thing.That's the problem with rewarding bad behavior.Good Luck,JasonPerhaps, but realize it's a BUSINESS decision, not a moral one.

Moral of the story: bidding on HUD houses is like playing the computer in chess: right or wrong, the computer often wins something.  

Honestly, I think you did alright if you spent 6-8k on very minor improvements and got a 40k equity boost out of it.