You need to clarify on if that is going to be your personal residence, or you meant your first investment property. 

The FIRPTA Certification requires that if a selling party is a non-resident for purposes of U.S. income taxation, a portion of the sale is withheld.  

I have found in this area they tax foreclose after about 10 years if you offer them above the delinquent amount most are willing due to them not getting anything if it forecloses and not using it as a residence anyway.

I currently reside in Southern California and do not plan on investing in SoCal due to funds and the current overall market out here.

Lastly, the requirements and ease of getting more-or-less conventionalfinancing also will be determined by your intended use of the property.If you are buying it as your primary residence and will be living in it, then getting financing will be a lot easier than if you were buying it as an investment property to be rented out.

Or just wait and see if he gets a buyer.Oh, and if my life weren't simple enough, in NINE DAYS WE'RE CLOSING ON OUR RESIDENCE AND MOVING OUT OF STATE.

We're in escrow selling our residence and it's 7.6%, I just saw my preliminary HUD-1.Rehab time.

We also have a very large mortgage on our personal residence.

I purchase a short sale home as my primary residence for 189k just over 4 months ago.

My local Realtors must win over 80% of all the listings in my neighborhood just because they keep in touch and engage with the residents.