I have declared this year as the year of action and have soaked up a great deal of information from the forums and podcasts.

While most contracts/regulations require buyer and seller to sign off canceling a contract and returning EM, most contracts are declared null and void upon the subject property being foreclosed.

Damn you people who can control every tick of your facial muscles!

:)Keep the policy. declarations page and proof of insurance on any policy, IMO.

I also love real estate because it let's me be creative and use my head to make money, rather than just my (lack of) muscle!

They will have to declare it as income but unless they have other income it won't be enough to generate any tax liability.

Im looking into a 3- 1Family deal in Muscle Shoals, Alabama.

They can choose to declare bankruptcy and make it even more time-consuming and expensive, etc.. 

It was declared a total loss and we got a check and used to money to rebuild the house.

The local probate court assigned a fiduciary attorney to handle the estate who finally declared his death in November 2014.