Or did you witness this on the security video, i.e. agent left client unattended and thought "nobody will ever find out"?

This could take a very long time as mentioned.Since the property is underwater the trustee will not have nay interest in holding up a sale since there will be no excess funds to help pay off creditors in the plan.If the property had some equity to neutral they might try to squeeze a little out and wait for the highest offer.If the tenants have vacated as mentioned then the property might become heavily vandalized just sitting there.The bank is at the mercy of the court and how fast they move.Usually the file is transferred from the loss mitigation to the BK department with the loan asset manager.The owner could still try for a loan mod or other workout while in BK with their permission.The bank gets them to sign in writing if they want to pursue this route so the bank will not be accused of collection activity while in the BK automatic protection stay.I think you watch this property but do not let it take up a huge part of your time.

rdinvestors,I am also an investor in the Harrisburg area and would be interested in speaking wit you.

Just getting flips approved and closed does not make it go away, they can come back years down the line and accuse us of fraud.What this web page doesn't address is what the penalties are or how or if they will enforce this opinion of what fraud entails.And to be sure, this is simply an opinion.

Oddly enough, he has yet to post/defend these accusations.

Here is a link to the rest of the story:Austin financial company's assets frozen, offices seized after state suesTexas securities board accuses James Elton Warr of violating order to stop selling what it says are deceptive investments.

If we refuse to renew, can we be accused of age discrimination.

I've witnessed my own parents invest and manage rental properties since the 70s.

I have witnessed first hand a partner of ours in Houston that has 10+ large B/C class Apt properties and during the oil plunge they actually have done quite well, occupancy at their properties have stayed about 93% and moved up slightly while class A fell off the cliff down 15 to 25% in certain submarkets.  

Also - I have witnessed a ton of investors in my area taking Bostonian tenants by the masses throughout the last year.