Short Sale Alternatives

[Dustin W.]

I'm looking to find out what strategies are working for upside down properties in undesirable neighborhoods. Especially those like the one here in Milwaukee, that have comps in the single digits(k).

Negotiating a short sale and trying the ABC close it is a time waster...

Are lenders paying out cash for keys for these type of properties?
Or paying for a deed in lieu?
IF so, how much and will it work for 2 family tenant occupied properties?

Thanks!