A properly discharged mortgage debt relieves the borrower of deficiency but does not 'cancel' or remove the mortgage from the property.

Make sure the discount is deep enough to overcome that.

If you own RE chances are you have insurance, that in itself provides the deep pockets to go after you if you messed up. :)

Not what I was expecting.In my opinion, while DM to absentee owns is the right strategy, it's also one for those with deep enough pockets to out-mail the next guy or those able to strategically target a list of motivated sellers, at least in my market.DM will always be part of my marketing, but it needs to evolve like other parts of my business.

Some think landlords have deep pockets and can afford to wait.

Would love to find someone knee deep in it all that could use some help that would in turn provide some knowledge of the business.

Obviously need to verify lien numbers but wondered at first glance if there were any creative owner finance options for selling when seller is in this deep?

And a discount that deep tells me right away that the damage is major.

Some pay for home warranties for this purpose but those are quite hit or miss (more miss than hit) so I don't use them.I have trusted trades or use Yelp or Angie's List as back-ups.Yes, you will have problems that require you to go a few trades deep to fix but that's part of the price of admission in my eyes.

Oh, and just to be sure this is worth your time, I am going to treat you to Giordano's Deep Dish pizza.