Also, your CD analogy doesn't consider appreciation and tax treatment.

I know apartment association capture this data, but its not generally available to non-members.

That's going to take a non-trivial company to handle a batch like that.Could, though, turn into a massive, fairly quick selloff.

It's in an area of owner occupieds, and would still get that kind of treatment: not upper quality, but a standard homeowner quality. thanks for your responses. ofgift

The lots (non golf course lot, non lake lot, but nice interior wooded lots 1/3 acre) are valued in the range of $25,000 to $45,000.

Rick also is a principal with www.assetsclearinghouse.com a facilitator for financial institutions seeking to liquidate their distressed assets and non-performing loans.

Why pay your loan when non-payment leads to a better deal on your mortgage?

Some argue that carrying non-performing loans on the books hinder the banks ability to lend by tying up liquidity.

http://www.huffingtonpost.com/2008/09/22/dirty-secret-of-the-bailo_n_128294.htmlDirty Secret Of The Bailout: Thirty-Two Words That None Dare UtterDecisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.more at linkofgift

You usually have a NON refundable deposit that you put down on the property as the Option consideration.