The buyer did a final walk through and found all the copper plumbing stolen and the drywall ripped to shreds.He walked from the deal - felt sorry for the sellers, they didn't have insurance.

That takes into account the buy closing costs (I usually estimate 2% of purchase price), money costs (origination fees plus interest), holding costs (insurance, taxes, maintenance, utilities, etc.) and sales closings costs (again, I use 2%, plus commissions, plus any buyer assistance.)

If you ever need some quick plumbing advice shoot me and email [REMOVED], I am a licensed,bonded, and insured in Phoenix.

Add to that, a little research turned up the fact that the top guy at NRU has a criminal record....insurance fraud.

They would rather pay the monthly fee for the RV lot and have less overall expenses than rent an apt or have the expenses that go with having a home (i.e. property taxes, homeowner's insurance, regular maintenance costs, etc).

If necessary, the sale can be postponed by an announcement at the place and time of the original foreclosure.Typically, a title insurance company is named as the trustee to arrange the sale of the real estate.Antideficiency Statues Some states such as California have enacted antideficiecy statues.

Or like Type Rider said, park it in a CD, that is a guaranteed investment (up to $100k, assuming that the bank is FDIC insured).

Hopefully he doesn't need conventional financing or has the 20% down to finance the property since the insurance companies aren't writing insurance for rental properties in Florida--PMI for one.

I relocated to Vegas last summer because taxes and insurance in Florida has gone through the roof (thanks to all of the huricanes) making it extremely difficult to have cash flow.

Utilities, taxes, insurance, HOA fees, whatever.