The flooring is from lumber liquidators.

Then they are back swinging big lumber in a few years on the next cycle.I really need to get up with Alex though and we have been talking abut it for a few months because build to rent is an interesting concept to me.

I assume the bank is going to carry the note on this loan (the house they are unloading).

Lumber is piling up at sawmills and home improvement stores.  

Have your agent list that you are a motivated seller in the MLS private remarks if you're serious about unloading the property and are willing to negotiate on offers.

I'm havng a hard time grasping that the lumber I would need to rebuild the house would be THAT much more expensive than say a house with the same sq ft in the suburbs that is 5 years old. 

Lenders understand what it takes to unload these properties.

I watched this today and seemed related, puts an interesting spin on things...interesting speculation starting at about 6:00.Interested in thoughts...I realize the polarity of the subject matter being in context with a position on the Federal Reserve and QE...so not wanting to get into all that, but if what this guy is saying is a possibility...we could see another crash in home prices as these banks attempt to manipulate home prices up to just unload the toxic assets in an attempt to get their $$ back..http://www.youtube.com/watch?

There are ALWAYS deals to be had, especially now with the fact that many landlords who financed using those interest only mortgages at the height of the market are unloading those properties before the loans come due.

The last time I priced doing this, I could get concrete delivered cheaper than the lumber cost for the same size area.