Jake; after studying the issue I realized what effect this might have on for instance the 1031 exchange business model.

For instance in Los Angeles it is very difficult to get the 1% rule because property prices are so high and rents are low.

See this Wall Street Journal article, for instance: http://www.wsj.com/news/articles/SB100014240527023...

In fact the only way you knew about foreclosures was by going to the county clerk office and looking up the lis pendens records (In NY) or by subscribing to foreclosure magazines like Photo Foreclosures, where they would list the specs on a given pre-foreclosure. 

The typical seasoning was about 6 months, not really sure what the market place is looking for now, but I'm sure each individual note buyer is going to have their own criteria.Also, you don't have to sell the entire note..for instance, your note is for 360 months (typical 30 yr mortgage note) you can sell 10 years worth of pymnts then after the 10 yrs are up you would then start getting the monthly pymnts back to you again.

For instance if there is a condo which has a set auction date of 27th January, would it be too late to work everything out?

For instance if the Seller wants a high interest rate the end Buyer might qualify on their own for a bank loan to purchase the property with a lower interest rate to what is being offered by the Seller.  

Some states have much higher foreign corporation filing fees than others, for instance, California imposes a "franchise tax" of $800/yr for the purpose of doing business there.  

For instance, a spore count of about 10x the exterior levels of aspergillus is deemed to be safe by all the mold testing companies I've used.  

It would also ge advertised in National Individual RE Investors magazine and a bunch of other "neat sounding stuff!"