When renters lose jobs, leases are terminated and houses go vacant for months; pushing landlords to lower rents and limiting profitability of the investment.

If you're not comfortable doing your own title research then you're probably not ready for these type of auctions, you can make huge mistakes and lose a lot of money very quickly (see the posts on here about people that accidentally bought 2nd's and HOA foreclosures without knowing what they were doing).  

Hi Fitz,That’s a great area, I wouldn’t want to lose the deal either!

You will lose your initial earnest money/good faith payment, if there was one. 

If it's a single crack running across the surface is probably due to excessive heat.

Since people are losing their job and thus their houses, what happens to apartment rental rates?

However, I don't ever want to get comfortable in one location and lose my remote investing skills because the local nature of this business is one of the greatest advantages real estate has over other asset classes. 

Banks have plenty of excess reserve; therefore, they are not under pressure to close quickly. 2.

If you tell her your max, the owners know exactly what you are willing to pay and you lose your negotiating leverage.Using a buyers agent is 100% FREE to you as the seller pays the agent's fees, so there is no harm.

@Sue Deng  please take no offense.. however If you do not even understand this basic question.. and folks in foreclosure are under EXTREME duress and stress how is someone like you remotely going to help them.. other than for your own self serving gratification.to come on BP and ask this question just floors me personally.. the blind leading the desperate and this usually leads to those your trying to rip equity form to end up just losing their house.