found the probable base cause of the recent downturn in foreclosures - Press Release FDIC Statement on the Status of the Legacy Loans Program FOR IMMEDIATE RELEASE June 3, 2009 Media Contact: Andrew Gray (202-898-7192) The FDIC today formally announced that development of the Legacy Loans Program (LLP) will continue, but that a previously planned pilot sale of assets by open banks will be postponed.

I'm sure they are traumatized. 2 dead cats and 9 dumpsters later, we got it demo'd and then 25 gallons of Kilz Max sprayed on every surface.Buy $110kFix $65kARV $220kTo go back in time, I would have postponed the foreclosure instead of rushing to close beforehand, then had some very ample support to get a short sale down to $60k or less.

And I've been soul searching for a while now and I've allowed certain elements of my life to become the scapegoats to my postponed success.

Rent and security deposit would be arranged during signing.3) The pending foreclosure which which the agent told us (in writing) was postponed until the end of the month, was not actually postponed.

Deliver the plan to the appropriate city department and they will likely postpone the demolition to give you time to rehab the property. 

You will find yourself dumping lots of time and effort into research on properties only to have those auctions postponed, cancelled, etc..

Hello Seasoned Investors,During my first visit as a newbie to my county sheriff sale website few min back (I went to familiarize myself for potential future foreclosure investments) I found a property virtually next door to where I live and I in fact I know the owner as well.Few facts taken from the website before I type my questions:The Case Type is: Complaint In Mortgage Foreclosure.Somehow the current appraisal price is way too low than I would expect.The most recent docket text states: COURT ORDER IN REAGRDS TO PLAINTIFFS MOTION TO REASSESS DAMAGES ON 01/31/2014 TO XXXX AND SHERIFFS OFFICE ATTN: YYYYThe sale date is listed as postponed to 4/30/14.Not sure how to approach this given I am new to all this and was not anticipating such a sweet deal which I could manage so easily as 'buy and hold' goal for this year.Things I am not sure about:1.

If the money is that crucial, just postpone your trip for one week so you can collect your rent.   

I'll take a lower cap rate because I want a newer build, to postpone capex expenses, to get a more modern layout, and generally ensure that I can have full occupancy.

Last mortgage on the property vs. what the property is worth, etc.Why are auctions often times postponed or cancelled?