There's no substitute for knowing your area.

So for those that think home improvement may save a marriage, I’m telling you now that it will add more stress and it is a poor substitute for proper counseling.With that said, when you see a home being sold due to a divorce, take a good look at the house because you may see evidence of a great remodel job.

For example: mytownrealestate.com (where you substitute your town/region).

I'm getting the impression, from the responses I've received, that there's really no substitute for doing your homework, which I obviously didn't do a year ago when we bought this place.

Today, I issued an eviction notice to the tenant after not receiving April rent (The tenant substituted the rent with excuses).

The trustee or a substitute trustee has the power and the obligation to foreclose on the property if the grantor defaults on the note (of course if and when the beneficiary orders the foreclosure).The bank does not own the property.

TRUSTEE'S SALE OF 2061 ROYAL FERN COURT 12B TRUSTEE'S SALE OF 2061 ROYAL FERN COURT 12B Reston, VA 20191 In execution of a Deed of Trust in the original principal amount of $212,100.00, with an annual interest rate of 12.1500% from BRIAN DAVID BROWN dated August 26, 2005, recorded among the land records of the Circuit Court for the COUNTY OF FAIRFAX as Deed Book/Instrument # 17705 AT PAGE 2027, the undersigned appointed Substitute Trustee will offer for sale at public auction in the COUNTY OF FAIRFAX, on the courthouse steps at the front of the Circuit Court building for the County of Fairfax located at 4110 Chain Bridge Road, Fairfax, Virginia on January 30, 2007 at 11:30 AM, the property with improvements to wit: APARTMENT NUMBERED 2061-12B, TYPE B-R, SOUTHGATE CONDOMINIUM, AS DESCRIBED IN THAT CERTAIN MASTER DEED ESTABLISHING A HORIZONTAL PROPERTY REGIME WITH ATTACHED PLATS DESIGNATING THE RELATIVE LOCATION AND IDENTIFICATION OF EACH APARTMENT RECORDED IN DEED BOOK 3912 AT PAGE 254, AMONG THE LAND RECORDS OF FAIRFAX COUNTY, VIRGINIA, AND ANY AMENDMENTS THERETO HEREAFTER RECORDED, AS PERMITTED BY PARAGRAPH F.9 OF THE SAID MASTER DEED. and described in the above Deed of Trust.

Either way, if I may say so myself, there is absolutely no substitute for in-depth research.I have seen enough successes (and failures) to be able to say with confidence that the conscientious investor can make very good money in delinquent real estate.BTW, is there a way to continue this thread in the section of the forum that focuses on the topic being discussed here?

I don't think there is any substitute for visiting your properties in person before you buy.

If you talk to the average bank, they generally are not going to know much about MF underwriting.Virtually every lender (commercial, MSE MF, even private lenders) are going to want your "skin" (dollars) in the deal unless this is an astoundingly good deal, you have extensive experience, or can substitute other substantial collateral to bolster the deal.