If you were to get into something owner financed locally you could refinance it in 2018 after all the dust settles from your foreclosure.  

You have zero invested in this, and you can simply walk away, leaving the lender holding the bag.

Maybe put a new strategy in my bag of tricks.

Comm. 2500 Escrow & Title 1500 Termite 3000 For buyers closing cost 60000 Rehabers Purchase Price 1500 Rehabers Buying Costs 10000 Repairsand a profit of 16500Many times your buyer will tell you that it is a cash transaction and then for whatever reason they need Hard Money, they very well can be around 10000 with 6 months holding, that is why you need to determine what their money costs are so you don't get into a contract and have them back out.Cash buyer with no $ cost= 16500Hard Money with 10000 cost= 6500If they know what the are doing fine if not many times they will back out leaving you holding the bag.

With the MLS drying up, I am concerned investors/newbies may go to the county sheriff sale to get a deal and bid on a 2nd lien & left holding the bag.

Whether or not your splitting partner has some liability for leaving you with the bags, is a matter of law based on which state you live in.

I have been watching the market for a few months now and anything above 300k is staying longer.I think we will hold off for 6 months to a year until the dust settles down.

Very very little dust left.

When he got ready to load up his few bags of stuff he backed his SUV up to the front door across my beautiful lawn and left tire marks across it.

Cause I bought all that stuff. when she first moved in, she only had bags of clothes, that's it.