That is news to me.

Something to ponder when bidding sheriff sale dealshttp://www.tampabay.com/news/business/realestate/florida-couple-stunned-to-learn-458000-paid-for-gulffront-condo-may-be-for/2329213

Hopefully someone can give you more encouraging news, but the banks I talked to wanted 40% down plus slightly higher interest rates.

Thanks for all the input guys its good to hear other point of views I have property north of you and south of EMU.Now, for the bad news. 

Good news is I have the best contractors.

They just don't make the news like pitbulls do.

I live in Newport News and work in Suffolk.

Great news, finally got a hold of the sheriff office and the eviction is scheduled for next weekend. 

I have worked at the Newport News shipyard for over 11 years working on amazing naval ships and as enjoyable and interesting as a job that this is, I haven't been able to create financial freedom that I desire from just working here.

Can possible sub divide lot.over 5,000 sqft all brickrehab estimate- exterior 40,000... interior 20,000 per unit x 4= 80,000Total Rehab $120,000Seller Asking PRICE $175,000Present mortgage $125,000 @ 7.2% 30 year term (was originally $152,000 in 2004)No second liens2 units are occupied (don't see how with all the deferred maintenance) and supposedly collecting rents $600 eachThey originally offered a "land contract" at $175,000City assessment- based on land and structure $203,000All units are metered separately- electricity, gas, water, trash etc...The good news....pro forma base upon what I know about that area.