Lender may take reasonable action to protect and preserve such vacant or abandoned Property.

Each offer must include a renovation plan detailing your plans to restore the property and your financial investment.  

Gather information from as many sources as possible, then decide what is right course of action for yourself.  

Continue to take action and know there is help a keystroke away!

I an currently in financing, I'm an assistant branch manager at a financial institution.

Ok, I'm wanting to get into buy & hold but either I am at the state of 'analysis paralysis' or I am not really financially ready to do it.  

Almost all short sales forgive the remaining balance, but the owner needs to "qualify" for the short sale due to a financial hardship, not simply just being upside down on the mtg.

Likely they will stay below 5% for the next 12 months and depending on the Presidential election and who gets elected, they could stay below 5% for considerably longer.Eventually in 4-8 years, they will be back to 6-6.5% which is where the financial system hums right along.  

Action for the sake of action would be better served with stoic observation.

Consult your financial and legal professional(s) - I'm neither.