Yea, LA is certainly a tough market to crack, however, bc of that, the rewards are just as fulfilling :)

When your buyers are using hard money, that’s one more party being added to the mix who has to say yes- one more cook to spoil the soup.I learned some tough lessons on my first almost-deal.

Do you know if there is anything special with this house or the area around it?

This does depend on the bank though, both rate and property value.There may be some special restrictions for HUD homes.

It's all cleared up now but man for that first one he was tough.

Tough subject huh lol @ everyone.

It's tough to know for sure if the drop in foreclosures is a result of HBoR, or just banks holding back while they watch the value of the homes secured by their bad loans rise.

Another possible tack is that the association sues you for an injunction (that would require you to fix the roof); or, they may (depending on the governing documents) replace the roof for you and levy a special assessment on your property to cover the cost.

It is a tough rehab project.

Doesn't usually appear that tough - but I know contractors vary quite a bit so get several bids if you are hiring it out. and 4% money!