The next steps are obtaining the Judgment, followed by setting a sale date.

Tell the buyer you have no financial means to close and the contract will end on the expiration date. 

The Earnest Money Deposit (EMD) is refundable during the Due Diligence (inspection) period, and goes hard at the expiration of the DD period.

You want to get a countersigned contract now with a closing date in February to lock it up.

Are the taxes being auctioned to the current date. 2024 versus 2022 and more taxes are due.4.  

Set a move-in date no more than 2 weeks from the move-out date of the previous tenant (3.8% vacancy for that year.

Because it can take 6 months - 2 years to obtain a court date, judicial foreclosures in general take longer than non judicial foreclosures.  

Also, have you made any significant alterations to the property or if it were put on the market today, would it be indistinguishable from a standard 4-bedoom house (are there any extra walls for the SRO, constructed locks/barriers etc.)If its a standard SFR and the leases are very short term - there is a path that you could refinance this with a DSCR as basically a Short Term Rental and then potentially change strategic course back to SRO if needed at a later date

.: There IS going to be a big impact on Real Estate, especially for Single Family and small Multi-Family that is Owner Occupied.The SALT Deductions are slated to expire at the end of 2025.Trump has already said that he will allow it to Expire:https://about.bgov.com/insights/elections/2025-tax-policy-cr...This is NOT a small change.The Standard Deduction gets reduced by about 40%.Then you get to deduct the SALT (State and Local Tax) that you paid PLUS up to $1 Million in Interest from your Mortgage against your Federal Tax Return.The only limiting factor will be AMT (Alternative Minimum Tax).In 2017 when this Cap was put into place, it made sense.However, now that the average Home sells for about Double what it was back in 2017, many normal Americans can benefit from the Expiration.I'm hoping that the Trump Administration does not extend the Cap.Too many people will love him more if he allows it to Expire!

If you use the Timestamp app, it will use gps to date/time/address stamp the picture for you.