The cash-out refi necessarily means thousands of dollars in additional expenses - likely setting you back further than you went forward in mortgage pay down during the same time period if refinancing in 1-2 years - but hopefully earning more equity in the meantime (fingers crossed).  

Most probable outlook; this is the new volume basis for protracted period through this consolidating phase.

If you tendered your cashier's check during the 45 day period, that money is gone. if you in the 45 day period, don't walk, run. 1079 is non binding until you stroke that check.Contacting the trustee for help is a waste of time.

I did a bit of research and wondering if the current interest rates, high real estate prices, and weak 12-14 week rental period make it a bad investment.

With current rates around 7%, shouldn't there be an opportunity to purchase properties that were bought with adjustable-Rate Mortgages (ARMs) at 3% in past 5-10 years that are hitting their reset period this year 2024 or in 2025?

Still probably won't pull the trigger---hurricanes can really kill your cash flow for very long periods...but will think about it.  

At the end of the day, if a lender thinks a wave of foreclosures is on the horizon that will decimate real estate values for a period of time, they will not lend.  

Check the recovery (or breakeven) period on the refi.

The only items to really worry about are the slightly higher fees and PPP periods on the loan. 

I purchased about 2 acres of land in Winston County Al I went and looked at the property and its all completely wooded, but my question is could i go ahead and start clearing the timber off of it or should i wait until the redemption period is over with first?