Well, I remember there was a thread a couple of days ago, started by a UK investor, about a property management problem she had with her property in Detroit.I just happened to find out that a friend of mine (really, not me as I do not have any interest in investing in Detroit) got caught in a similar scam targeting at foreigners.My friend is a Japanese citizen like myself who bought a duplex through another Japanese agent working in the Detroit market.When he bought the property at $25,000, the duplex had two units occupied and rent paid for $450 each.The agent said that this property was located in a nice, strong rental area so it should be rented out quickly and claim a same or similar rent amount even if current tenants moved out.Well, soon after he purchased the property, one tenant stopped paying rent so he had to evict him.

So, a credit union is selling a home for $49,900 claiming that it's fair value is $69,900.

The property I'm looking at now would have to go under my personal name and then be transferred via a quit claim deed.Does anyone have any additional info about such an arrangement?

We found 2 leaks that caused moisture behind the walls, leading to mold mitigation and an insurance claim. 

When a seller does a Flat Fee MLS listing, they are no longer FSBO, as they are using an agent to list them on the MLS.The above point is very important.When agents see that a seller wants to do a Flat Fee MLS listing, they incorrectly point to a report by the National Association of Realtors (NAR) that claims FSBO sales makes less money than agent sales.

I have the capital to pay off the mortgage and transfer in our names through quit claim deed if needed.  5.

I don't know why I never thought to ask about this, or ask him to do this, but is it too late to file an insurance claim?

Hello and thanks in advance these forums have been a big help. My brother went through a divorce and the ex wife got the house. Shes been ordered to pay the mortgage and refi into her name by 2032. How can he get hims...

If you use quit claim you lose title insurance.  

@Bill Brandt if I received 6 months rent in advance I would claim it all as income at that time and spend it or invest it.