I think pennsylvania sells outstanding tax debt at tax deed sales/auctions.

Mike go to the township and ask about the zoning and what permits were taken out and might still be outstanding.

Structural repair, including putting in a damn floor joist - $4200.

Bankruptcy discharges outstanding debts.

.$1,100 - $1,335 = -$235 (negative cash flow)The 50% Rule isn't perfect for every property on any given year, but comes damn close over a long period of time.

If you find a guy with 20 properties you will find multiple banks loaning the investor money because most of the small banks limit outstanding loans or cap the total outstanding loan amounts.

If I wasnt suffering from a migraine right now, I'd be on the phone making offers.As for Dave Seymour, his sales pitch was actually very short and low-pressure, but still damned effective.

The HOA cooperates since they are now the owner, and the lender/buyer will pay them an amount they are willing to accept for their outstanding dues.

Lokesh: if the home is owner occupied now and the owner is paying more than 31% of net income for PITI, than she could be eligible for a modification if the lender participates in Making Homes affordable. there are other in house modifications as well.If the homeowner qualifies the minimum payment could be as low as 31% of the owners gross income if you calculate a 40 year amortization at 2% for 70% of outstanding balance with a 30% balloon at the end of 40 years which will have no interest or payments for 40 yrs you will see what a minimum payment could be .

I don't have an answer, but just wondering if posting links to damning articles in the press is the right way to go.