@Larry Bondar Trustee sale or judicial?  

The cash can then be used for improvements or to acquire more property.The latter gets a little complicated especially if there are liabilities associated with the rental real estate asset as well as built-in gains. 

I knew our situation was complicated but I wasn't sure if that was a fair price.

Your return sounds fairly complicated.

@Michael NotoThat just makes things even more complicated.

@Sonia Rodriguez Where the situation is complicated, there is opportunity. 

Unless it is in a historical district (which has its own list of hassles and complications that should be considered) or it ancient I wouldn’t think of it much differently.  

I finally went to the courthouse for the very first time to get probate leads. It was awkward and not as easy as most people say it is. My county courthouse no longer allow people to just come in and search probate re...

I am not sure how complicated it would get but I am liking the idea.

So I thought I was buying the 1st mortgage here's what happened.2nd Mrg 200K in 2009 - harris bank 1st Mrg 100K in 2007 - harris bank - this is the one that is being foreclosed, but it also has a subordination file.The judicial sale happened in Aug 2019, the opening bid was around 100K ish and I bought it for 140K ish, so the surplus is 30K.