(There have been 1 to 4 unit foreclosures that were gut jobs and sales comps are hard to come by)3.Georgia is a non-judicial state meaning foreclosure costs are low and we have only a 30 day time line to foreclose.4.Seller would not have to come to closing with money and instead can give credit off the sales price and use the money down to pay brokers commission,closing attorneys fees etc.5.Seller achieves a higher price with owner finance.Dis-advantages I see:1.

The socialists in government decide to over ride the free market by use of judicial rulings, executive rulings and Presidential bullying.

So check the foreclosure procedure for New York, but I believe in New York state is a long process (a year or more) and judicial (conducted in court.)

Also, it depends on your state and how complicated the filing process is but most states are pretty straight forward.

Am I making this more complicated than it really is?

Not sure of the IRS rules around this.I know this is more complicated than what I can put in this email, so feel free to ask any questions.Thanks!

This use to be common, however acting as a lender and taking profits can be a complicated issue and preditory.

If memory serves me, MI is a non-judicial state, which means you don't have to go to court to foreclose.

Title insurance claim can be complicated.

This can get as expensive and complicated as using a sound-baffling matrix material (looks like egg cartons) in the walls and ceiling to reduce noise.