Don't forget the 3% simple interest per year that their original deposit needed to accrue. 

Also, holding costs accrue when a place sits empty, so I would want to see it rented quickly.I would also take into consideration the location, the current condition of the unit, the market and many other factors.

The reason I ask is because a normal transaction is going to have your APR for purchases and there will be a period of time that you can possibly pay that back in full to prevent interest from accruing.

I'm curious to know why the owner would hang on to these properties in this condition and keep the taxes current while fines are accruing. 

Hi Fellow Note Investors,I own a NPN where the market value of the house is actually large enough to cover the UPB + all the accrued payments and fees (3 years).  

If you are accruing 10 or 12% annual interest you have a hard time making enough of a spread to come out ahead. 

Thank you pros for being patient with this newb lol  I do a ton of marketing in Columbus, Ohio, and my experience has been that the overwhelming majority of people who call in pre-foreclosure have waited entirely too long.You have to remember that usually they have to be 90 days late for the pre-foreclosure to even get recorded, and at that time they are already 3 months behind on mortgage payments, taxes and have probably accrued late fees and fines.I have had so many people call me who could have listed their property retail a year ago but never did, and now they have racked up $20k in back payments and fees that they are underwater.  

Arranging for accrued interest with one balloon is always helpful and when available, cross collateralization is a great tool.

The $108,900 is the opening bid and generally includes the outstanding and accrued mortgage balances (principal and interest), any force placed insurance, paid taxes (if any), preservation costs (if any), and all costs associated with the power of sale (attorney fees, etc.)

Accrued interest, property taxes, insurance, etc. in addition to court costs and atty fees.