I call the last 7 days before the auction date "hell week" for a homeowner in foreclosure.

You can play with pricing to see how it affects demand, so you have a better idea of the quality of prospects and how many you get at different price points.You could also then modify your ad to identify a target MoveIn date and start accepting & processing applications.

As long as it is within 6 months of your original purchase date, the rate for delayed finance with DSCR should not be any different than if it was made with original purchase.

It was in very good shape, just really dated.

Your bid would have to exceed $300K.To be an “Eligible Tenant Buyer” you must occupy the property as your primary residence at the time of the sale, with a proper lease dated before the NOD was recorded, and you cannot be a member of the borrower’s family.

- What dates are considered in season/out of season for Pigeon Forge?

They have a report bills to credit angle.What will happen is that instead of you paying your bills directly, you pay tomo and they pay your bills and depending on how much you decide to pay them monthly they will report 1000 - 10000 in a type of credit line to credit reporting bureaus.There are a lot of these report bills to credit services available these days and most cost less than Tomo...Tomo Boost is the only one I mention because they can back up to 24 months... so if you've paying your cell, or Netflix or Electric Bill... literally any bill... they can back date up to 24 months.So... if you do both Tomo and Rent Reporters... inside of 30 Days you would have 2 accounts over 2 years old and your credit would be in a much better position for applying for a mortgageOne other thing that is worth mentioning is that INCOME is MUCH more important than credit when applying for a mortgage.

@Patrick Irish based on what you say, the Sec 121 Exclusion and the 1031 Exchange both seem like they'd be good options for you to defer capital gains on sale of the townhouse.Sec 121 Exclusion has 3 requirements: First, Determine whether any of the automatic disqualifications apply (acquired property through 1031 exchange in last 5 years, or subject to Expat taxes)Next, meet the ownership requirement -> you owned the home for at least 24 months (2 years) out of the last 5 years leading up to the date of sale (date of the closing)Finally, meet the residence requirement -> owned the home and used it as your residence for at least 24 months (or 730 days) of the previous 5 yearsThere is no “Wiggle Room” but there is a Sec 121 “partial exclusion” for people like you that missed the residence requirement by a few months.

My closing date was so close to this appeal deadline and I'm scrambling to get through this process.  

FYI - We just had the spend $15,000 on lateral sewer problems causing backups into the basement, so year to date we have no positive income.