dry flys ?

I don't know any private lenders and hard money makes me nervous since I'm a buy and hold guy and the payback isn't as cut and dry as it is on a fix and flip.

Spray the area with bleach, then remove the dry wall. 

Once MS dries up for me I’ll find a new market through them.

You will likely get two different answers to your question, and it ultimately stems from your usage of the word "foreclosure".The word has technical definitions, and as JD pointed out, in a sub2 deal you don't have a security instrument that authorizes you to foreclose on the property. 

Ended up settling for $20,000 after their attorney left them high and dry.

I would have thought Chinese national buyers would have mostly dried up by now. 

This is such a delusion most people that invest in SFH has and I think it stems from bad BP educators.

From what I've seen, high rates have done little to stem the real estate frenzy in the mid-lower priced real estate.

Then factor in the downturns, when investments go negative, your liquidity dries up.