What effects do you think the bitter cold will have on an unoccupied house?

Fortunately, surgery was able to fix the problem but not all of the effects.

I think this is a very effective strategy if you can grab a property low enough.

The Biggert-Waters Flood Insurance Reform Act of 2012 goes into effect Jan, 2014.

@Dion DePaoliI stand corrected.Though I would probably designate that as a "complex" - though not offshore - structure which may not be cost-effective in this scenario ... but I could just as likely be incorrect here.

Effectively the landlord is subsidizing your living choices.

What was rather ignored was the fact that a deed is effective when it is made, not when it is filed, so technically, that could cause the agreement null and void, as the buyer agreed to buy and at the same time, deeded the interest back, but the deed was basically kept in the drawer, held by an escrow agent and often held by the seller!

Are there any NEW cost efficient and effective means of finding motivated sellers?

That being said, I think there are a few areas where this concept would be effective.

Before closing I would have the seller write a letter to the insurance company telling them to change the name of the insured to the trustee of the trust effective on the day you plan to close.