I'm kind of wondering/having a curiosity question.

It was out of curiosity if anything.

This is more of a curiosity/poll: do you prefer to buy houses in low income areas for the cheap houses you can buy, knowing you'll rent to S8 and get part-guarantee on your cash, or even just thinking you're doing good for a community by being a real landlord where there are otherwise a bunch of scum?

The bank doesn't keep all of the foreclosure money, just what they are owed plus fees, accrued interest, attorney fees, and any cost associated with foreclosing.At the very least, he should contact the lender and discuss options. 

I'm an investor in Massachusetts and I'm curious if there's a creative way to set up the landlord/tenant account that holds the tenant's security and last months rent deposits in such a way that the annual accrued interest can be paid to the tenant automatically...As of right now I'm required to manually send a check to each one of my tenants on their year anniversary.

To make a long story short I ended up getting stuck with all debt that we had accrued during the marriage.

@Shiloh Lundahl - out of curiosity, what is the difference if they are both notes secured by a deed of trust/mortgage?

Out of curiosity Jay, I've always wondered what the first O in OREO stands for when you post it or if it's just a Jay thing.

Chad, just out of curiosity.....does the surplus from the HOA auction go to the owner like it does here in FL or does it go to you as the 1st mtg holder?

Equity accrued is $944, for a total first year ROI of ~13.8% ($2,756/$20,000).