These aren't tycoons, just people that got in over their head like I'm sure I would have if I had graduated 3-4 years ago before the crash and not had BP as a resource (hell I still could knock on wood).Jon said: "You should be able to find that [pending-foreclosure] in public records"How would I do this Jon?

It's a good way to accumulate some money that is kind of hidden away...out of sight, out of mind.

And that's a result of the American people being short-sighted.

Out of sight, out of mind, out of your dad blasted wallet!!

Thank you for your response @Shane Woods!

You may be closing all of your SSs with no problems at all but in here in my neck of the woods there are not a lot of people doing A to B to C transaction or collecting LM fee and almost every little rumor or negative headline around put me on the spot.

With my experience, Tenants do not take good care of the wood floors.

Two years ago, we bought a house not far outside Ft Leonard Wood Missouri, thinking the market had hit bottom.

I don't know your area in particular, but in my neck of the woods condo's take a very very long time to sell and don't sell for very much.

Knock on wood, we've had good luck so far finding quality tenants and keeping the places rented.