I think they pay the VA a little and pocket the rest waiting for the house of cards to fall.

I have seen this same house that is vacant (all the classic signs) I have located the owner ( I have not reached out to her yet).

Do they mainly look for houses?

if i were to acquire these and have them be owner financed, I would want clear title and the other mortgage on this lot removed - especially if my loan has a balloon on it that matures prior to the existing loan, as how would to provide clear title?

I have been on BP a long time and maybe about eight years ago , a person had a small chance of finding a posted house for sale here that can be flipped.

House is worth 260k and we owe 200k on it.

Having a house in Tulum Mexico, the upkeep in the humid hurricane environment is so financially draining, i wonder if Oklahoma is similar with these apparent high climate risks.

House gets foreclosed on when a borrower is not paying its debt obligations - typically its mortgage.buying foreclosures is not for the faint of heart as you have no idea of the interior of these properties lastly while it can be beneficial also realize if there are a lot in an area those homes are the new comps when trying to sell so it lowers home values in an area 

The house is set way back at the end of a long winding driveway, the front is fully fenced for maximum privacy. 

We bought a new primary house in November and had a rental contract on our old house that started Jan.1 2025.