The co-owner filed bankruptcy in 2008 but excluded the house due to our arrangement.

I received this in lieu of cash as part of a bankruptcy settlement.I will start with the assumption that outside of giving this land away, I probably will not have anyone interested in purchasing this property for some time.My holding costs are about $1500-$2000 per year between the property taxes and keeping the grass mowed.So, I am looking for some BP creative ideas to lease the land to at least cover the holding costs.Thanks in advance for any help.Chris

When that comes how do real estate investors weather the storm and not wind up declaring bankruptcy?

Why not just declare marshall law and have the goose-stepping storm troopers come and take over our businesses?

If the police, fire, and lighting get upgraded once all that debt is gone after bankruptcy, then the value of the homes will increase.  

Do you know if the borrower filed bankruptcy?

This isn't meant to come across as mean; just that there's people on here with 30, 50, even 100 SFR's ALWAYS factor 10% for vacancies, evictions, nonpayment.Can your tenants lose their jobs in December & your left with no tenants for 3 months (it's very difficult to compete with Santa these months & if you can find a tenant then, they're probably high risk); can a tenant declare bankruptcy during their tenancy & stay in there & it takes months to get them out?

We also checked that all 4 adults have no evictions, criminal history, or bankruptcy....

Tenant has to be in a year, on time, no bankruptcy, no evictions last 5 years, financials, etc.

Once a property is declared "abandoned" according to my state law, I will move their belongings into storage.