Instead of us having to taxes on income we were able to declare a loss and had the government give us money! 

Homestead property in FL can pass more easily directly to heirs in probate.....the declaration of homestead aids this process.  

They have declared their intensions, and the house is actually for sale. 

Such as willfully collaborating with the contractor to avoid declaring income?

Sometimes it is a relative acting for an owner who is not competent to sign and no legal declaration to that affect giving authority, sometimes just someone pretending to be the owner, sometimes just scammers.Make sure that you have clear government issued id for the seller and it is really the owner, and all owners are checked out.Also you need to ensure that the renters do not have issues or long term agreements. 

Our position up until March was to continue being over-leveraged as the worse that would happen is declare bankruptcy and start over. 

Contact an attorney for additional guidance.If the police find someone, they can pick up the belongings after paying the unpaid rent, cleaning/repairs, and expenses associated with moving and storage.If the police don't find anyone, your attorney can help you navigate the process of declaring the goods abandoned and selling them off to recover some of your expenses.

They never pay off, always end up declaring default via some means...Do:  - Create a CFPB complaint:  https://www.consumerfinance.gov/complaint/- Call the GA Banking division and complain their too:  Half way down: https://dbf.georgia.gov/consumer-resourcesIf you are an investor, want to become an investor, join the local REIAs.. 

It could be required by statute, by investor guideline, by declaration, or by discretion.

For example, your state may require you to store it gratis for 30 days before declaring it abandoned, and then there's the gauntlet of red tape to acquire title.