We took the opportunity to play along, and I got in touch with the legal department at Ashley Furniture's corporate headquarters, in an effort to help them possibly catch someone in the act.

Would be great to catch up for a phone chat sometime if you're still on here.

Thanks again Mike and wheatie.MIKE OH: I know you like the 2% i'm in the boston area and using 1% to catch a number and follow the place. currently about 110% of properties are under even the 1% so I dont have many to check out.

So, at best, prices are going to be flat until the long term trend catches up to the current prices.

Hopefully I'll catch on pretty quick.

If you catch these before the property goes to auction to pay the lien, you could have some potential motivated sellers so I see nothing wrong with such an approach.

I realize you expect to catch up on that aspect with the cash flow.

I think people buy multifamily with not enough reserves, don't plan for capital improvements, start deferring maintenance, slowly the deferred maintenance catches up, resulting in less occupancy which leads to foreclosure.

Good luck, its a catch 22

Vicky - I would say it depends on if they are communicating with you or not and if they are being respectful, but are having difficulty always playing catch up.