Not fun for the person who's still living there and who has paid rent faithfully. 

I am a newbie, and I have been looking at pre-foreclosures.  

Being how things are i feel like i can only get half the deal because the half that matters( getting paid) is turning out to be a huge pain in the a##.

Do you think vacation rental company is obligated to maintain the trust account for guest's deposit and prepaid rents?

By taking our pre-development a step further and looking at the triple bottom line I think we can continue to advance our development process and improve the quality of life for people. 

Your 40k can mean a completely paid off house in one neighborhood that might potentially cash flow 2% per month.

@ @Tony Castronovo, fyi: I paid a little higher interest (4.5% vs 4.375% for refinance) to get some credit backs to help pay for closing cost.   

FSBO, pre-foreclosure, distressed sellers).2.

Get any financing done and get a pre-approval loan letter from a lender that states how long that closing will take and the maximum amount you can borrow.  

Glad to hear he paid, but I would avoid working for him in the future.