It's a bunch of BS created by our current government and is nothing but more bloat in my opinion.Yes if you are a Residential REO agent many of those are drying up as short sales are being pushed through before it forecloses.So YES I know an REO broker friend who has paired down and completed about 800 residential short sales with a 90 plus percent success rate.He is a beast at them and has it down to a science.Now for me I work the commercial real estate side.

Last thing I am looking for is any problems with any government entity, ever.

The waiting period to refinance will be governed by your lender, not the IRS.If I cannot refinance immediately, can I assume the existing Seller's debt of $5M, put our $4M in, close the deal and still qualify for the exchange?

They talk about rentals as landlord being the government (HUD).

Kind of like websites that say 1 million visitors but it is 200,000 who visit 5 times each.You read Realty Trac in the news alot but I am not certain that government truly uses their numbers to make policy decisions.

Government agencies have much deeper pockets than you do.

There is a government USDA auction tomorrow at 1:00 on a property that I'm interested in.

If you have no written lease then you're governed by the default CA regulations and laws.

usually i just google the county mls list many brokers website also have access however the broker i use gets alot more info than i do for instance on one deal that fell thru she knew it was a divorce that left them taking short sale offers however there were two mortgages the first okayed the short sale the second BOA pulled out three days before closing.Also here on biggerpockets there are links to many bank and government foreclosure lists.As for the second question the deed had it I was actually able to look online at the original deed when the house was purchased and how much it was purchased for , however I dont know where to get the info as to how much the mortgage amounts are.

The borrower also retains an implicit call option using distorted government-guaranteed money because they can refinance when rates drop.