There is not typically an inspection clause.....read the auction terms, talk to a rep.....do Not use their title co. for the “free” title insurance, it isn’t really free as they tack on a bunch of junk fees and their title insurance typically has extra exceptions in the B Exceptions.

Typically, a licensed agent or a current property owner with experience in the product field you are concentrating in will be the best help.

It says this Buyer may receive a Special Warranty Deed or equivalent if buyer is able to purchase title insurance without delaying the closing (title fees typically cost between $500 and $1,500 and are based on the purchase price of the property).

@Ivan Xiong with new home builders they will typically only write one contract on a to be built home at a time.

Closing costs when using bank financing typically include origination fees, appraisal fees, doc prep fees, etc.

Renew for an additional yearcontinue month-to-month with a 10 - 20% increase (market and season dependent)Move outWhen they renew, I typically don't hit them with an increase the first time.

Typically for government backed loans it's more challenging to get a "very low offer" approved as they are less flexible for their NET and they use more qualified people to complete valuations.

Their interest rates are usually in the 6%-9% range and typically consist of some sort of step-up 30 yr.

The list is typically maintained by the tax assessor for the individual municipality. 

I'm not an attorney in MN, but some states have duty to mitigate laws (essentially you have to do everything possible to rent out the property to cut your losses.)