At the auction, there probably will be no requirement to announce lien position; in my area, there is no requirement, but the lender attorneys have lately been announcing when they are offering a junior lien (because they don't want inexperienced bidders "winning" the bid and then backing out later).

Looks like any way you slice it, you're going to win, the real question is how long are you willing to wait to eat your cake(I must sound like I love cake.

For trustee sale auction, the winning/final prices get posted the next day.

Their advice was you would have to be able to show 8-10 incidents of this behavior (for them to take it seriously), take it to the local PD, then the case MIGHT get kicked up to the DA's office and local RE commission.If you are the one being harmed and can win a civil lawsuit, most states have a recovery fund that will pay out on the judgment, and take it from the agent/broker''s commission(s) or assets, within a year of the judgment.

I believe the bonus would be that I would get a lower interest rate on the loan plus qualify for FHA loan (low down payment).

If the partnership is a win win for the both of us I say why not.

It's honestly a win/win situation.

Factor in these two cost differences in your Cost Flow analysis.The Duplex may win out if you can make a higher ROI or cash flow even after factoring in a higher maintenance budget.

Everyone wins, except the IRS, but they get thier money with future cheaper dollars.

Give him the credit report as "his win".