It's a pretty big story on mainland US b/c it's also occurring in southern mainland states.

So for every 10 000 single-family house fires that occurred, 87 civilians died, another 344 were injured, and $180.5 million in property losses was sustained."

Distressed sales occur for all different kinds of reasons.Why in my market do banks sell $40,000 houses for $3000 and less quite often?

He has made a number of changes which allow him to beat others in the race for lowest priced new homes in the upper midwest.The other possibility in the upper midwest that occurs to me is Harmony Homes  of Nappanee, Indiana which was a newer division of Fairmount which has been recently (2015) sold to Cavco.

This means you can't possibly think you will always get paid back exactly on time, be surprised when this doesn't occur, and have no plan for it.

Was this really an accident and your pattern is buy and hold?  

The reason is that the sale does not occur upfront. 

A prior-year recharacterization occurs when the recharacterization takes place in the year after the year for which the contribution was made.

Identify  the asset (real estate) and imagine a timeline of events the occur in the lives of the record owners, creditors, PR's and heirs.So, in the case of a property that's changed ownership due to probate distribution, aka "inherited," the PR's job is done concerning this property once it's been transferred out of the Decedent's estate, whether sold to a 3rd party by deed, foreclosed on by a secured lender, or transferred to heir or beneficiary.While you might market to the distributee to purchase their newly inherited property, it would seem to me that soliciting the PR (executor or administrator) would be like asking a ship's captain to board after the ship has sailed. 

Or even if it is the millenials that bring it or just the millenials that made up the largest portion of the populace when the changes occurred.