Lots of good points Thomas, and no doubt being more flexible on credit opens the door to more potential litigation.

If the terms do not address this precise issue, the Trustee might be consulted about releasing the auction purchaser (and refunding the deposit) given the pending litigation.

I am majoring in Civil Engineering.

The longer you rent — and at a loss to boot — the longer you expose yourself to vacancies, wear and tear, or (God forbid) an HOA assessment or litigation.

I bet they are in it 50k on legal fees now its highly complicated Old railroad right away that was bought by the state and now its a state asset were they are making it a bike and walking path and the state it turns out cannot be sued for an easement of necessity.. its quite complicated really at the end of the day its a 500k chunk of dirt they either get me my right of way or cut me a check,Now that I am doing business in your fare state and in Charleston SC that has old old parcels and deeds that go back pre civil war..

You now have avoided the extra litigation and have saved yourself some money.

About MeI initially started out as a civil engineering major and interned for a 100-person engineering firm in Boston in their plumbing and fire protection department but ultimately went on to pursue a degree in finance.

That might be on the property management company that he was using but it appears that he has had knowledge of it for some time and continued to promote selling more properties to be managed by the same property management company.at this point I believe with all the buy backs and pending litigation he is trying to sell his way out of a deep dark hole.. it will take government intervention to shut that operation down. 

Due to the recent charges, however, NRIA has further placed the consultant on suspension pending the results of the criminal litigation and he has been removed from any activities involving the company.

Word is They are going through some litigation with some of their agent employees.