Hey BP Nation! 

Not a real estate attorney who has closed conventional deals for institutions. 

As a Canadian (read foreign national) I have read and understand that many (most?)

I have a chance to buy a house that is on the National Clandestine Laboratory Website.

Local bank might take on a rehab loan but the larger regional and national banks that do not have deep roots in the area not so much.Most of these deals are HML loans.

Have a look if NAR (National Association of Realtors) publishes any of the state by state data.

I don't know the exact foreclosure rate in this area, but I think it's lower than the national average.From what I have read on the internet, the Texas Legislature has made it virtually impossible to do lease options.

IndyMac Bank's assets were seized by federal regulators on Friday after the mortgage lender succumbed to the pressures of tighter credit, tumbling home prices and rising foreclosures.The bank is the largest regulated thrift to fail and the second largest financial institution to close in U.S. history, regulators said.Yahoo FinanceIn the biggest bank failure of the housing downturn to date, federal banking regulators today closed IndyMac Bank FSB, naming the Federal Deposit Insurance Corp. as conservator.The FDIC said it will transfer insured deposits and "substantially all the assets" of IndyMac Bank, to a newly created successor, IndyMac Federal Bank, which will be operated by the FDIC.Insured depositors and borrowers will automatically become customers of IndyMac Federal, FSB and will continue to have uninterrupted customer service and access to their funds by ATM, debit cards and writing checks.

Go online and get his institutional number and write him a letter.

Don't underestimate private institutions and funds.