Far north Grand Prairie and South Irving are prime examples of low-lying areas where cheap fill was used, before development.  

The main breaker box was in a very bad shape (in the basement) and there was an old electric meter (with needles) lying on the side.I called the electric company, and opened a new account for electric.

When you get to a vacant house with a Green pool its hard to say what lies beneath.  

And not knowing they are not getting title insurance for that extra 50k they paid and buying as is from someone who usually if not straight out lying about the comps or condition is certainly puffing.

Like in the previous example, these people are lying about deals to get other investors who might be interested in them.

Obviously you are lying, but you need to put pressure on them to buy this property right away so you don't get stuck with it.

If it forecloses the HELOC gets squat as if your lucky there will be enough to pay off the first if that.If they work with you they get a payoff to release the lien interest as a short sale.The key will be what the first mortgage will or will not do and what they will allow junior lien holders to get as a payoff in a short sale.Typically they offer junior lien holders 1,000 and then the juniors want 30 cents on the dollar.It is a negotiating process of back and forth.If you are in a fast foreclosure state a first isn't going to give juniors a large chunk of the purchase price when they can foreclose and get almost the full balance owed to them.Ideal situation would be for HELOC to accpet 10 to 20 cents on the dollar and write the rest off.Before signing anything make sure the HELOC is not just releasing the lien interest for 20k but forgiving the rest of the debt in writing as well.Do not believe anything that is not in writing.I have seen banks lie through their teeth before saying they would not pursue a seller after a short sale for a deficiency and the letter was to come from another department higher up.They closed and the letter never came.

I am in the process of negotiating for a house right now. The 4 bedroom house costs $218,000 (St. Louis, MO). The seller has agreed to give me $8000 credit to pay for repair for the house.

My mortgage broker told...

And it's never good to lie to a bank about sources of funds.

So, again logically speaking, she either lied under oath or she realized that she wasn't a very good governor...