@Jacob Allen There was a question about mold that you missed.Looks like there may have been water damage in the kitchen.

For most people its going to be anything that needs repair (is broken or damaged) or updating.

I was just out 10k for damages (got an insurance check for most of it later), and had to make the repairs immediately- put people up in other places etc.

I'd go if you were the speaker :) FYI: I have a successful construction company(rennovations, storm damage restorations) here just looking for ways to integrate REI into this market and yours when it gets there.

These days, the biggest discounts on short sales would be one with severe damage, not financeable, and therefore not salable to the typical homeowner, using financing.

They told me it was a catch 22 scenario where they could not physically insure the place for the ARV as this was more than twice the purchase price, however they also couldn't insure it for $80,000 as this was too far below the ARV value?

Reckless driving and killing someone or causing major injuries or property damages can land you in jail.

Is this after any evictions or tenant damage to the property after move outs?

(I think the jury just split the baby, felt there were huge damages but difficult liability) It easily could have turned into a multi-million dollar verdict with another bad fact or two.

Since this is an REO sale, there will be all kinds of outs for the bank on their contract addendums, so you probably wouldn't have any damages claim against them, and there is probably some reference in your contract to the condo doc.s.