Or utilities?

You can read it here, if you like: http://www.grantland.com/story/_/id/6874079/psychic-benefits-nba-lockoutThe point is basically that NBA teams are typically awful businesses, yet shrewd, wealthy business people buy them, so there has to be some type of intrinsic value or non-financial utility that owning an NBA team provides to the owners, otherwise all owners would sell and the league would eventually shut down.

In the event he does not cure the lien you cancel the contract and get your EMD back for default of the seller.The seller has no recourse against the title company, he likely signed a document agreeing that the property is free and clear, which it is not and a document which says he will cure any material defects with the sale.

By the way, I don't think US Wide Financial serves all states, but I found them through bankrate's website using their rate search and so I'm sure there would be similar mortgage companies who also utilize this program.

Has anybody utilized this program before?

There are tons of additional threads and setting up new entities if your equity exceeds $250k in one, raising capital, utilizing blanket and other insurance to protect you from claims, keeping debt on product to discourage suits, using trusts to hide assets, etc.

If I am somehow able to utilize HARP does that impact my credit rating in a negative way?

Once you own it, it can be very difficult to get it rehabbed without the materials being stolen, and rented, and then finding a manager that wants to go into that type of area.

(and many of those costs are unavoidable such as utilities, taxes, interest, etc)

Insert the URL on all your marketing material - craigslist, flyers, etc.* Photos (depending on the location of the property) - tape photos of the property to the inside window closest to the front door