I also make sure it is in good condition so I get a good tenant.

The fact that the bank is getting "shorted" does not effect the net effect of conveyance.In many cases the homeowner (borrower) has signed documents which attest to them leaving the property as a condition to the bank accepting the short amount of funds as full payment.

You have first hand knowledge of the properties that will come available plus their condition.

Today, my lawyer of 7 years just remarked that he could write a very interesting law book off the cases I have brought him over the years.

What was the condition before remodeling?

Of course, you should also talk to a lawyer about this.Personally, I’m not a fan of holding hard real estate assets in a retirement plan.

Had you been given seller concessions, you should have been well aware of how much they were and they would have been on the HUD.Discuss it with a lawyer it you wish, but I don't think you have a leg to stand on.

In fact, had you not used the water, TV or air conditioning, there wouldn't have been any additional charges."

Its kind of tough to believe there is not some other underlying problem driving the condition.

Just last Sunday I signed an agreement for a 2/1 14'x56' oldie (69 RitzCraft) that is in excellent condition with AC and Gas Furnace> The price was $2750.