To redeem, you would have to pay the first lienholder the amount they opened the bidding at, plus some fees and a tiny bit of interest.

When they are on the phone and talking to you they are at least a tiny bit interested in getting rid of the property and you just could be the solution to their problem.

Tin - I used to live in Garden Grove too; back left in end '09!

He said that he has a friend who builds wooden decks professionally.

I hated it, hated those hours, but it put a few extra hundred in my pocket each month.For a time, I worked 2 jobs in addition to that paper route and lived in a tiny studio apartment for only a couple hundred a month (I'm sure you could find a similar price in Alabama now, my apartment was in So.

I'd probably do my best to find a 3-unit place in Weeksville or Eastern Bushwick that will FHA for around ~900K and you can probably get enough to cashflow a tiny bit if you rent out the rooms in your unit.

Revenue is tiny on these small deals, but the cost of labor for the loan officer to QB the deal for a month for the lender eats away at any profit for the lender. 

Granted the house is not worth much because it is small and in a tiny town but rental income would be there. 

They scrap it for free so they can keep the profit)Move it somewhere and use it as storageTake off the top and use the frame to build a "tiny house"Contact a mover and negotiate a "move referral fee" and offer the home for free on the internet and suggest the mover to move itUse it as storage where it isUse it as an officeContact donation charities and see if they'll take itContact local gov. agencies to try to donate to them for housing If you're not currently investing in MH's but your pondering the worst case scenario this is a great question.

From the HMLs point of view the renumeration from the smaller loan is far too tiny to be worth the effort.