Apparently section 8 will guarantee the mortgage and several banks will finance the programs.

The guru's who say "pay me $2,000 up front and I guarantee you will make 200 times that amount in 10 days" are the same guys who will not let you work it off.

They guarantee to double your sales in a year, and Michael Gerber of E-Myth calls it a "gift from God", Dan Kennedy, and everybody else and their mother uses it.

But you must do your own due diligence before bidding at any such auction as they do sell "as is where is" and make absolutely no guarantees.

If they do, they are guaranteed a "Quality Control" audit.

Because if you are buying it as an investment property and you have a corporation setup, I would establish a strong business credit score.That way you can get financing without a personal guarantee.

If you would kind of like to know the value as it would be nice to sort of know a general ball park then I would chat with a realtor.If you need to know because your closing on a home and need to line up a refi – in today’s world I wouldn’t do anything less then an appraiser – and even then you are not guaranteed anything.3-6 months is out – that world is pre 5/1/09. 3 months is really what you have to work with in today’s market.

We had a commitment letter from a local bank for a 50% loan on the property, both of us were going to guarantee.

I read somewhere that the mortgage holder must "give a written guarantee to release the property from the mortgage at a stipulated mortgage release price".

Doesn't guarantee a problem-free dog, of course, but it's a good place to start.