Well there is the first indication something might be wrong.

Putting some of the liability on the tenant usually makes them take a little more care of the property.Not trying to bust your chops and say that the 50% rule is incorrect, more or less indicating that each market is different.

This could indicate that say half the available property has been sold.

If the comps indicate that it may have some equity in it, then you can decide how to proceed in the matter - do an appraisal and settle with him, approach his parents and tell them about your situation, take it to court, etc.

It would not be a stretch to think they have outsourced many tasks, as Shari indicates.

Might ask the seller if he has any knowledge of any tenant ever indicating that they would not re-let the contract and have that affirmed as a representation made by the seller.

., if the state contract calls for specific performance penalties).Second, the fewer stipulations you include, the more likely the bank is to accept your offer.For me, the only stips I ever include are that we have 3 days from binding agreement to turn over the earnest money and notice that the selling agent (my wife) is also the buyer.On occasion, I've added a stip that says I reserve the right to switch to financing instead of a cash purchase if I so choose, but that there is no financing contingency and that I'll pay cash if for some reason my lender can't perform (I do this because I occasionally decide before closing to finance the purchase instead of paying cash).

If this was recession was any indication, then the markets should be roaring until 2014 and then come crashing down.

This way you can have an indication of whether it is an investor because of the usage of cash.Regarding specifically places like Dolton, Country Club Hills, and Calumet City I have to tell you that I do not know anything about these places.

Might be fun to look into, but just not sure.We have seen indications that loan mods don't work so that might not be a good "exit" plan for these notes.Also, my impression is that it is harder today to get buyers to agree to Deed In Lieu, particularly in certain high FC states.