Can we even find a liveable HUD/foreclosure and how difficult will this be?

It would seem to me difficult to become an expert if the area is too large- How exactly do you 'go out there and look' at properties - Do you suggest actually finding out what properties are for sale and going to the property to at the very least look at the outside but possibly also the inside if there is an open house?

That is why assessed values are too difficult to use to judge a homes value.

The Seller's loan balance is about $145k.

You're right, but things are a little difficult for me right now.

If you have proven in the past to be untrustworthy, it will be VERY difficult to get a loan from anyone.

Since a lot of rehab/hard money lenders have been tightening their guidelines, I have been having a difficult time in finding lenders with no BS.

I guess the second bank would keep a lien on the house.The sellers' attorney is having a difficult time with the banks and doesn't think that he can bring the two banks to an agreement.

it shouldn't be difficult to find out quickly.

these reo guys just want to get rid of the properties, and they're balancing holding time with price, and holding time is winning.