Banks are choosing to unload many lots,fractured residential and commercial developments because banks don't see a short term recovery there.They are also unloading mom and pop type C class property that is vacant or has huge problems.Usually only cash investors can purchase these because lenders won't touch them with the vacancy levels.Some investors in pre-foreclosure are walking away from properties with recourse or non-recourse loans where the investor doesn't see an equity upside if they hold on for the market to return.In those cases the banks have to sell the note or foreclose or the short sale if the seller agrees.Core A and B assets you have MANY finds desperate to unload their built up cash to acquire assets for their investors.So it's supply and demand for quality assets at a great price.If I was bank and I have a brand new anchored Publix shopping center I funded I would look at it this way.There is one up my road that is 16 months old.Occupancy is at about 40 percent.I know the developer is treading water.The bank would much rather work with the developer on the 20 million dollar loan and put some payments on the bank end or reduce the interest rate while occupancy increases them to foreclose and take a 8 million dollar haircut based on current cash flows.This is what many investors don't understand.Banks aren't stupid and they will dump the junk and extend quality on larger loans they can get performing again and preserve value.

Now while I know there are landlords who let their houses fall into disrepair and don't care and I would consider them slumlords I think many people paint all landlords in these areas with the same brush and would label them all slumlords because of where they invest.Although I could not invest places like this I do think investors in these areas do something in that they provide housing and preserve some value in areas that would become abandoned or squatters areas.

The way around taking a note and still preserving the exchange is to have the QI accept the note, then have the QI sell the note (probably at a discount) for cash, then hold the cash in exchange escrow for acquisition of an eligible replacement property.

Participating in historic preservation can be rewarding, aesthetically and as a contribution to the community. 

Perhaps the rent collector would be interested in purchasing your interest to preserve his rental flow; perhaps the "renters" themselves could purchase the lot to keep their storage space.Seems to me there are a number of mutually beneficial outcomes if you are careful not to proactively burn any bridges

I don't want to have to rely on the earnings at that stage of life...just capital preservation.

time have changed, we are in the information age, there is BP and everyone who is financial savvy know that REI is the best way to build and preserve wealth. 

The seller will first review their property preservation records to confirm the date when the incident occurred.

Can anyone provide any insight on how to get started in Property Preservation for foreclosed homes in the Atlanta, GA area?

It's such a shame to walk into a freshly flipped house to find that it has been wiped of all of the original details.Los Angeles has a history that we should be proud of and wish to preserve!