Never look at a property being offered and listed as-is because the expectation is that you will take it that way and do inspections for info purposes only.

I am only saying that to set up your expectation that it might take a bit longer that it would have a few years ago.

We also do a walk through, set expectations for maintenance, filters, lawn, garbage and go over the function of GFCI's, shut off locations (water, power, gas).

Its like dating, do not expect to close the deal on the first call, it takes 60-90 from that initial call to get someone to commit.2.

Given your tax situation, I think a fair price you could expect to pay is between $500 - $1,000.

If it meets your expectations, then consider how to turn it into a business.

According to recent predictions, mortgage rates are expected to stabilize in 2024, which could bring more buyers back into the market.Feel free to reach out if you have more specific questions or need further guidance on navigating the Hampton Roads real estate market.

I’m expecting the city has likely applied a wonderful assortment of fees, which I anticipate discovering soon. 

My questions are:- When a property is in pre-foreclosure, would you expect the bank to redeem?  

My gut tells me to ask them if you can short sell it.If you have other assets, because its a HML expect them to come after you for the delta - so foreclosure you will have a greater deficiency judgment.