I say might because not every situation will lead to a deal that is good for you as the buyer.When someone has abandoned a property they have emotionally checked out.

You can likely refinance or otherwise pull out some equity but as others have indicated the cash flow is not very strong.Paying off your primary home is more emotional than wise in terms of investing.

During stressful times its easy to let your emotions take control of your logic and that can lead to trouble.

Failing doesn't just mean not succeeding; it can mean financial ruin, wrecked marriages and great emotional pain.Interestingly, when I read posts from people who have purchased this guru's or that guru's program and complained, most of the complaints were about how difficult it was to get their money back, and not about the quality of the plan itself.

They are still emotionally tied to what was once their property (less so in the example with Bob but you get the idea).Most investors would pay Bob when he is out and not before.

The fact that you have no emotional attachment to the property makes it easier for me to get you what you need.

You are talking about their home, not a house.Without going into hours of detailed explanations on the matter, I might just offer you this advice...Approach any homeowner from an emotional standpoint, rather than a business one.Logic is not something high on their priority list right now.

From one that speaks to people in foreclosure on regular basis, one repeating emotional trend I see is embarrassment---in general, folks in this position often act too late because they are embarrassed (pride is another good emotional anchor) with admitting failure...Although I don't market to these individuals, I understand the mindset all to well and believe any marketing campaign to these folks should include the following components:- Discretion/Privacy: Give them an opportunity to learn more without revealing themselves initially---offer a white paper or recorded info-message which would allow these distressed homeowners to learn without the need to speak to somebody. - Hope: Too many marketers are appealing to fear---although fear is a compelling emotional trigger, the majority of people don't want to be reminded what they will lose, they want to be reassured that there is a chance for recovery

Boy is it time, energy and emotion consuming!

And most people are “ignorantly” willing to give them their lives.The point I’m going to make finally here is that EMOTION is the #1 driving force of the highs and the lows in this market.