From there the conversation was basically him threatening me or trying to scare me that "if I was afraid to pay the fee" I could walk away.

I may have additional questions.

New owner did walk thru with me prior to closing and was aware of condition of units.  

You dont have anything to lose and will ABSOLUTELY WALK AWAY,  if you continue looking and get a deal for even $5000 cheaper- YOU WILL. 

Did a great job and walks you through the legal process step by step and runs each scenario.

Until it is recorded the city is still going to show the old owner as of record.Part of the foreclosure process does require advertisement in the local paper a certain number of time before the actual sale.If the notice gave a court docket number you can look at the case at the land court in Boston and see who the attorney is and try to contact them about purchasing or purchasing when the actual sale is (without looking at the actual ad, this may be the first step before the foreclosure is scheduled in which case there will be additional notices)Not sure if there is a law library in New Bedford at the court but if so they might be able to provide some additional information regarding how a foreclosure works in MA.

A good resale value note will be well seasoned (over a year of on time payments), interest rate of 7-9%+, balloon is a plus, in short foreclosure or highly desirable state, good equity in the house, and created by a licensed Residential Mortgage Loan Originator.If note is poorly created, mortgagor can walk away with a free house that mortgagee cannot even foreclose on due to possible broken laws or poor paperwork.

Access to 9 or 10 figures of government and business capital (let alone $58M) did not save them.It didn't matter if his dad gave him a $5MM or $500MM loan, walking into a room to build rapport, convince the other party that you can close, that you can revitalize the area or the city, that you will get bank financing, etc. takes a lot more than money.$58M.. by the way, the left media has already thrown around so many figures of this supposed loan from his dad, I think I have heard at least 8 numbers already.

Yes, paying but I like a contractual relationship rather than a mentor who I'm not sure how much time I can take from them, etc. and that will hold me accountable, has done a lot of deals and is truly doing it and I can learn a ton from in addition to all the other supplemental podcasts, books, forums, meetup groups around MF.  

His house is very close to downtown, less that a 10 minute walk to the train station (where people commute to Manhattan in ~35 minutes) and the schools are some of the best in NJ.