that's what I am confused about also here in India there is no 1031 exchange and that's really bad I think that's why I am thinking of investing in the U.S i'hv done some research about Kansas City and Indianapolis but the problem is that first I need citizenship to invest then I need to apply for a job to build up my credit so that I can borrow loans later and then finally I can start investing at this will take a lot of time I think?

I have 700+ credit and am highly experienced, but un-experienced in borrowing during a viral pandemic.

In our market we have 2 choices, deposit as damages, or not take it and seek further damages.Yes its a check the box  you check the box and the EM is forfeited as liquidated damages if you don't check the box then its all the normal remedies.However in this case where the builder went out and borrowed money to build these folks a home..

You can do the 30 year mortgage, the only thing that I think Phil was alluding to is your borrowing power. 

I think that's fair, assuming you borrowed as an LLC.

Start by speaking with a mortgage professional then find a local Realtor who can explain your options based on your borrowing/buying power.Best of luck to you moving forward!

It's a very active process as they're always looking for borrowers since they turn these loans over more quickly and don't want their money sitting around doing nothing. 

Because the banks are going to look at this to qualify you as a borrower.- Take extremely good care of your credit, and start building it now.

Pre-foreclosures are still owned by the borrower, but are on their way to foreclosure so they may be in a state where they are looking to sell.

With a value around $85,000, you can borrow $60k+.