This is good news for all home buyers, not just real estate investors, due to shortages of inventory in some markets in past months.

Welcome to BP @Renata McCulloch, you'll find no shortage of assistance here.

If HOA, the property may be in a super-priority lien jurisdiction where only a portion of the HOA lien has priority and the foreclosure of that lien does not extinguish any mortgages.A mortgage originated in 2006 would likely not mature until 2036... and if payments (principal, interest, taxes, insurance) had not been made for some time (especially on a neg-am loan), the current balance after escrow shortages and forced place insurance coverage could easily have mushroomed to $250k.Only the mortgagor (and the property itself) is responsible for satisfying the original mortgage debt... until a successor in interest acquires property subject to that mortgage, in which case it's still not the personal debt of the purchaser but simply attached to the property.Need more info here to be helpful.

We cannot sprawl so there is a shortage of inventory and with as slow as metro works and the nonsensical properties they bring into the Urban growth boundry nothing is going to change supply and demand in many years.

I don't know the size of your market or whether there is already a rental housing shortage, or a surplus.

You might offer to sign a promissory note for some portion of the shortage.

As a result of his involvement we anticipate a continued shortage of inventory.

We may need to look outside this market if things change but as of right now the area is blue collar and there is a shortage of rentals.

We have a net unit shortage.

There used to be a surplus of funds and now there is a shortage.