I believe that in pretty much ANY state, the Landlord Tenant Laws states something to the effect that "landlord may withhold from the security deposit amounts that are reasonably necessary for (a) rent or other amounts due the landlord and (b) to restore the unit to it's condition at the commencement of the tenancy".

It is not enough to know what is for sale unless you know how much it was for sale, how long it was listed, the condition, the terms of sale (short, REO, normal), and the closing price of that home.

If you have completed any amount of short sales you do upfront work first to not waste time.Never take what a seller says at face value.They will tell you anything to try and get help to solve a problem but the issue is they don't know they are hurting instead of helping.The problem with sellers is at first they are motivated to do a short sale.Then as time goes on and credit is ruined and they have moved out they become emotionally detached from the property.The buyer have unrealistic time lines to close for a short sale.You need to know if your market is declining,flat,or appreciating every month.If it's appreciating or flat the benefit is to the buyer.If it is declining the benefit is to the bank because by the time it close it might have lost 5 to 10 percent of value from the contract price.Your bank actually moved pretty quick with the short sale compared to some others.A buyer and a seller need to understand it could take 3 to 6 months or longer to do a short sale.A friend of mine that is another broker in Florida has completed over 800 short sales.He is a master at them.I did residential for a few years but then moved to commercial so I haven't kept up with all the regulatory junk on the residential side.He does all residential and does not take the short sale unless the seller agrees to certain conditions from the beginning.

This can let you get more details about the condition, size, and amenities for the property.

If it's local or regional they might finance you with enough down and keep it in house for a little higher sales price.The big banks usually just want to dump it for cash.I would buy in a commercial area if the right conditions existed.Is the property management company the bank has employed hispanic??

Current lender - BOA (just purchased the loan in September, 3 weeks ago).If in good condition inside, worth about 115-120 (currently listed at 125).

Any location, Any Condition" ad and send traffic to a squeeze page.

It’s all about your personal finances and the condition of the home to set it up to put back on the market.

He said that he intended to finish the work, but has been busy with "life" Is one year from collecting social security and has thought about selling it for awhile.

(this is usually NOT the best course of action)All the attorney will do is hire a collection company that has more bark than bite and rarely collects any money.The other option is to use a judgement recovery company.They usually pay the court costs and filing fees and then split 50/50 of whatever they recover.Sometimes they will buy the judgement outright for real cheap.In this case you get your cash right away and move on.Judgements depending on the smarts of the tenant can take 3 months to years to collect.Some tenants are judgement proof.This can happen when:1.The funds are retirement funds in a bank or social security where money can't be taken.2.The tenant works a job where their income is at a level where they cannot be garnished by Federal Law.Even when you can garnish you can only take 25% each time.If their are other judgements already garnishing then the 25% gets split up among the garnishments.85% of judgements never collect a dime because of the work involved.Even if the judgement company you employ chases the tenants for money the tenant may pay or they might just file BK if they have other debts.A chapter 7 costs thousands so it would depend on their other total debts and how much your judgement is for.This is why it is important to carefully screen tenants.They need to have good credit,a good job with long work history,etc. or something where you know you can collect if they default.If you have multiple tenants staying in one place and they all make minimum wage it will be hard to collect on them later versus one person showing great income.Hope it helps.