Galvanizing copper is a chemical impossibility.Projected lifespan of galvanized piping is typically projected at 60 years, but it can be less or more depending on the water quality of the source.Copper is generally projected at 80 years but same caveat.Lifespan of plastic is for all practical purposes, infinite. 

So, if there used to be water in the basement, but you had the drain tiles replaced, you do not have to disclosure it.  

ooh, cool subject.

(The person that told you 4 is quoting Fannie's rule, maybe they are a Fannie-only lender, or maybe they didn't read the Freddie guideline change that came out like 8 freaking months ago and rely on water cooler talk for their "information"...)- Of your 7 financed properties, are any of them "commercial" and not "residential"?

I have learned, and also been exposed to a lot of cool real estate projects through my clients. 

And, the name of your company pretty much says it all, it's not what you define as your business, it's what your business practices are and the implications of lending you hold out to the public and by advertising that you'll make loans or put lenders and borrowers together..I'd just suggest you cool the heels, find a good attorney who specializes in financial compliance and start over. 

Water and power were on did not see any plumbing issues, foundation, or roofing( in attic) issues.  

Auckland, cool deal!

Tile buckling, counter tops with gaps, buckets full of water from unknown leaks, home made plumbing, etc.

Apparently, the lien is a tax/water/sewer lien, and according to the owner, there are no other lien's on the property, but would it be prudent to get a title search on the home?