Certainly a question to cover with the estate attorney as state and probate laws may influence the final outcome.

Moreover, the amount of money you are willing to risk can influence the outcome.

I think for what you are trying to do you need to think about several different possible outcomes and make sure you can be satisfied with them before taking the step of getting a property.

Always look for win/win outcomes.

To roll out your plan, Paul, I would also be farming for additional houses to pick up and add to your portfolio, so you're not relying on the outcome of this particular transaction.

You will never, never, never see it again regardless of the outcome of the deal.Either hold it in a bank account or have the closing attorney hold it depending on your end buyer's preference.

Going forward I will pay more attention to different possibilities of neighborhood boundaries and model different outcomes of appraisals based on that.

Or, any event that takes prior to the foreclosure auction where the asset is still a whole loan and not real property for the mortgagee has an financial outcome limited by the aggregate sum of unpaid principal, interest accrual and advances..Thomas, I am not correcting Bill, only trying to explain what he is saying in a different manner.

I was suspecting a much worse outcome.

By definition, coin flipping is the oldest and best example of 50% probability as the number of coin toss observations approaches infinity.Secondly, even if we are accepting that there is a 60% probability of a successful outcome, that does not tell us, according to mathematics and probability theory, enough about the scenario to understand whether we will have a high short-term probability of success or not.