Time remains of essence, we file eviction within 7 days of no payment.

Land prices have remained stable in Japan over the ages and buildings go down in value or depreciate like elsewhere.

Even if you can find insurance now, premiums will likely remain high, and resale value could be impacted unless the wiring is updated.

Your parents can look to reinvest the remaining proceeds into a DST, tenancy in common investment, NNN, that are passively managed.

Be ready and willing to change locks and give remaining tenants a key3.

In 4 or 5 years you will have appreciation and a solid number of years with 2% remaining.  

Leaving out auction and foreclosure costs for a second, when you write that check for $220k the trustee is going to pay BigBadBank the $175k they are owed first, then he's going to pay LittleBadBank the remaining $45k, and you will get a clean title as the process is going to wipe the slate clean.

One of the best ways to engage with the community is to remain active in these forums (reading & contributing).Setting up keyword alerts is a great way to get started.All the best!

When I add a new tenant to the lease, the original contract terms remain in place.

Many Texas cities are incentivizing developers to build affordable housing units, but challenges remain around keeping these homes accessible long-term.