Several of my investors have contacted me to represent them here on the island as they know some will not have the patience to last through this economic downturn. 

The upstairs apartment has all new windows, flooring, paint, kitchen counters and cabinets, drywall and island.

My name is Tonye Jack, and I am from Long Island, New York.

My name is Tonye Jack, and I am from Long Island, New York.

The other time cash helps is if the property is uninhabitable and doesn’t fit the lender’s requirements.

So on the assessment it shows 1/5 of the value is land originally so with the new appraised value and purchase price would you assume the land is worth $20k now and the property $80k?

I'm sure Rhode Island does too I'm just not as familiar with that market. 

Large Eat in kitchen with an island.

Look at Watervliet, Cohoes, Green Island (away from the water front) for cheap taxes and affordable homes and (if you’re lucky) Colonie for affordable taxes but a price in the 200’s. 

We are in a extremely competitive market on Long Island, NY (the current house under contract had over 15 offers on it) and would likely be willing to wait if Wells Fargo needs to foreclose on the trust to clear the title.PS: My lawyer has been in contact with 3 large title insurers and they have declined to give title insurance until this issue is clarified.