I've been in touch with an attorney who deals in RE, and asked if I have a case for a claim to recover any losses, and am still waiting to hear back.

At least in real estate if you buy something that can be rented at a profit you are making money while you wait for prices to recover.

If so, you need to recover it from the previous owner, because you're supposed to return them (after all the repairs) back to the renters after they move out.

Thanks guys - I should probably mention a few things: Our intention is to eventually sell the condo once the market recovers over the next few years.

And if I'm not mistaken you would have to file a separate complaint to try and recover the due rent.

If there is equity UPB is used as the baseline as that is what you stand to recover.

Regular homebuyers are jumping back in seeing recovering markets and the lowest interest rates that will only rise.

If she has the money to buy a furnace and windows, perhaps she has money you could recover.

If a foreigner decides to trash the place, stop paying rent, or whatever and skips the country, you have no recourse to recover the loss.

Generally, most foreign markets are weaker in asset protection compared to the US, and a foreigner will have hell of a time to recover assets in another country should complications arise.