Having said that, the law varies by state and I am not an attorney, so you will want to check the laws in your own state When posing the question, you'll want to distinguish between a licensed agent and someone who is not assuming you are not an agent.

Mike there are the Federal laws which I am talking about and then on top of that tenant laws that vary by state.As you know California is very heavy in favor of the tenant.So it takes a long time to foreclose.In Georgia we have no post redemption rights after the sale and to foreclose the lender simply has to send a letter giving 30 days notice in the newspaper.That doesn't mean the owner won't prolong by filing BK,trying a trial loan mod,short sale,etc.

It varies tremendously how these things are handled.

If its like here, rents don't really vary all that much from area to area.

Laws vary from state to state, so you need to do some due diligence.

In my discussions with lenders around the US, I find that rates vary by location, as do customs and practices.

Valuation techniques vary based on product type.

I think it may vary based on the DOM, and it sounds like this property was newly listed.

It varies state to state.

This is fairly common in real estate where people have entities and wish to engage in certain projects with varying sets of partners.