The below article indicates Chicago will be selling vacant lots of land for $1 each to those who qualify, such as living on the same block.  

Short and medium term impact on the value of a flooded home is sustantial, and my research would indicate as much as 30% reduction in value from pre flood value.

For reference, here is my current default log with POL -- as indicated some of these have been non-performing for many months/years but there has been almost zero movement/action by the POL "asset management" team at resolving.

We are a marketing company that has both pre-auction properties (and I can tell you the Indicative Bid) or REO's.

Look for telltale white spots, efflorescence on the lower part of the basement walls that commonly indicate the regular intrusion of water.

When they miss their first payment they void the contract and steal you down payment.If you can't get financed that may be an indication that you can't afford it and should wait. 

There are strong indications that a neighboring property is in preforeclosure.

Past performance is not always an indicator of future performance, but the way the sponsor handles issues is usually a good indication of how they personally perform.  

Last but not least, if you're words are any indicator of the drive you have, I'm in the Seattle area and would be happy to help you find a road map, and share my mistakes and wins with you.  

She reached out to us this week indicating that she is ready to entertain cash offers.