Hey BPers, I'm piggy-backing off of a thread I started in the Real Estate Marketing Forum: http://www.biggerpockets.com/forums/87/topics/113063-pre-foreclosure-foreclosure-leads-in-a-judicial-foreclosure-stateA quick summary for those not interested in reading that thread, foreclosure processes in judicial states are handled within the court system and as a result there are no public notices required like in non-judicial foreclosure states.

I have been working for a large property developer in downtown Indianapolis as well as working for law firm that primarily handles real estate related matters.

I was still having to jump in on deals as a broker and handle issues that arose and all the emotions that come with it.I offered some of the residential agents if they wanted to come to commercial for a 50/50 split.

There are foreclosures happening all the time, they are just handled differently here in Canada.

I love being creative, handling sellers, buying houses, and of course - making money!

You have to weigh how much rehab will this unit take to get rent ready again plus does the timing work out better if you get them out now versus using a service or attorney etc.There are usually eviction companies cheaper than attorneys that handle the filing process and emptying of units.

Apparently, in Richfield, MN, unless you can pay for the property in 100% cash you have no chance at a short sale or foreclosure for investment, because the repairs may be too much for the lender to handle.

Heck, if you do not mind me installing a keyless entry, I would build a web site for the property, pay for listing and handle all bookings and automatically email you every booking agreement as well as give you access to a web based system so you can see the details of all the costs involved in your property for 10% :)!

I do not know about Chicago's landlord and tenant laws but something isn't right if 7 months later the tenant is still there and hasn't paid anything.I would do an autopsy on my lease, how you started the eviction process and if it was completed correctly, how you handled the tenants first late payment, did the PM company screen the tenant per your instructions or could your tenant screening process be improved??

You don't have to agree with anyone's opinion, but there's a way to handle yourself in public forums.