I guess they called their own bluff.

I'm not familiar with Cali but if the s/l was 4 years for contracts and unsecued notes I'd put my money betting on 4 years.I'd weigh the option of proceeding regardless of the s/l as the borrower would need to bring that as a defense, I'd bet they don't if no payment was ever made.Another issue, if a payment was never made it sounds like mortgage fraud that is another category getting to criminal charges, the s/l will be longer, 7, 10, 12 years, not sure, it depends too if the original was an insured lending institution or a private individual.It also depends if the note was generated from an installment sale or was made as a cash loan, purchase or refi.It will also depend on whois in the property and if the property has been sold over the past 16 years, we just had an example of a subject 2 deal going sour with subsequent sales and that can limit your security if the note holder fails to act in a timely manner.Frankly, I wouldn't fool with this one, 16 years old, foreclosure notice gievn and never followed through, that's pretty much allowing the note to go stale and abandoning the claim of the amounts owed.If the maker of the note is still in the property and you can contact them by phone or in person, you might be able to negoiate something holding the fraud claim over thier head, forgive some of it and modify it back to life, but they need to agree and you can certainly bluff your way along to a point.

My favorite are the 6 panel oak pre-hung doors, usually around 100 or so.

The foundation was in good shape, which is the most important thing and we found the solid oak floors I was hoping for.

Specifically, we are looking for: Property: a small multi-family (2-4 units) one unit to be at least a 3 bedroom / 2 bathroom stand-alone house which we would occupyadditional unit(s) which we will manageLocation Options: While we’re open to a number of possibilities, here are the target areas: the South Bay area (Manhattan Beach, Redondo Beach, Hermosa Beach, Torrance, Rancho Palos Verdes, Lawndale, Gardena, Palos Verdes Estates, San Pedro, etc.) the Pasadena area (including Alhambra, San Marino, La Crescenta, Montrose, La Canada-Flintridge, Glendale, etc.)some areas might also be nice and/or on our wish list, but are secondary to what's listed above unless we found a great opportunity (Santa Monica, Pacific Palisades, Burbank, Sherman Oaks, Studio City, Santa Clarita, etc.)Financing Options: We’re open to a number of financing options, including partnering with an investor, using private/hard money loans, and other creative financing suggestions.

My girlfriend and I are house hacking a duplex in Oak Park, MI.

@Michael Bowie Office zoned land - depending on the type of office zone - site prepped and pad ready is selling for $100K-$250K per acre in the greater Cedar Bluff area.

We custom milled our Hardwood floors and our cedar decking from Oak and Cedar on our tree farm..... can't replace those or match them pretty cool

I have a client whose Mother owns a owner occupied 3 flat in Forest Park(right across the expressway from Oak Park/River Forest.  

Uptown/Oak Lawn, M Streets, south Dallas.