It was an REO and both the bank and listing agent understated the GLA by around 200 square feet.

Thus, although the cases do not directly address the point, cancellations have been invalidated, notwithstanding the failure to procure an injunction prior to the end of the notice period, in cases where the claim was the notice understated the statutory time for cure, the purported contract for deed was in fact an equitable mortgage,26 there was no unpaid amount due, there was lack or insufficient service of process, or where there was a waiver of the cancellation by reason of acceptance of partial payment before (or after) the running of the notice period.Further, in Coddon v.

You can put any clauses you like, but if they assert any loss of legal rights or waive remedies provided for under state laws (federal as well) they would not be enforceable.

Most real estate investments today are held as a LLC or sub-S corp and I recommend asking to see the tax return for the property (did you every hear of anyone overstating income or understating expenses on their tax return?)

The importance of a good credit score can never be understated.

Commercial loans are exempt from the SAFE Act and HUD residential loan requirements as well as state residential statutes, but even if you are only doing commercial lending, you may be required to have a license, in fact several licenses, under state law and if you are using investor pools, SEC Requirements may also apply....

Tax assessments are public.Assessments by an HOA to owners may or may not be of public record.However, an HOA is a non-profit corporate structure which under state law requires the books of the corporation to be provided to the public, so a request may be necessary to the HOA.

The current owners operating statements could be under stated in order to make the property more appealing on the P&L.

However, it's a relevant question and I'm curious to understant what are the opinions of other more experienced.Good luck Filipe, and If I can be useful in anything please let me know.Paulo

In those cases, the state rate is either understating the tax rate or providing a composite estimate which can be totally wrong.