Does anyone have any experiences good or bad with purchasing HUD owned homes?

Volatility isn't necessarily a Bad thing..you can make alot of money in various ways real fast.On the flip side, you can Lose it too.I love volatility with day&swing trading.

Furthermore, things are never as bad as they seem.

As bad as the real estate market is, it can (and probably will) get a lot worse.

It wouldnt make a difference most places just require a bigger deposit for bad credit.

I had to find a team the hard way... testing them...because even the bad contractors/workers came with good references.

People make very bad decisions based on emotion.Get educated about the local laws and your recourse and make a logical decision.Good luck!

Would it be better to just ditch the one with the bad credit even though she can bring a significant investment to the table?

I was thinking about buying it at 100,000 so I went to look at it again, the people moved out and turns out they were hiding some things with there furniture, Im doing a FHA loan and the house would not have passes inspection there were quite a few repairs done by the home owner that were done pretty badly and were not up to code.

-Ron LeGrandIn reference to buying a marginal deal: "What's the difference between a good haircut and a bad haircut?