To recap: insurance, condition at a c4 or better, or...have seller agree to carry for a very long time so that you have time to cure any issues.  

Thus the worst case scenario is that you will have to pay the loan off rather then continuing to make the mortgage payments.No big deal as you should never buy Sub2 without the ability to cure the notes taken.

With the loss of his income the two sisters fell behind on the mortgage and the house is in foreclosure, cure deadline is Oct 15.After walking through the house and speaking with the sisters we made a deal and they signed my contract.

I have yet to meet an investor who put together a deal using 'software,' but I see a lot of salesmen pitching it as the cure-all for the investing blues.

Better check too about contacting people who have been served with notices of foreclosure, while notices are public knowledge, contacting them and offering ways to cure their problem can get you in hot water, especially if they already have an attorney.....not raining on your parade, just beware!

No amount of Pepto will cure their case of diarreah of the mouth!  

In my pre foreclosure days in Clark co... this was a made scramble trying to save houses from the court house steps.. and many folks would owe htousands in tax's so you had to cure you had to pay their tax's and you had to pay excise tax  all usually within 24 to 48 hours of foreclosure sale  LOL...

Anyone have a cure for this stuff?    

The law of large numbers cures all problems.What surprised me even more is that some sellers would call the office, in 3 to 6 to even 12 months later, because they appreciated my first meeting with them. 

Besides yellow letters aren't the fix/cure all for every situation.