Sounds like you have more latitude in your area as well as much lower RE values so perhaps that is part of the equation.Ann - I completely understand your concern, however, in the use of the trust to wholesale the REO, no lender is needed, not even a transactional type, that is the beauty of using trusts to wholesale REO's.

There are properties though that can have environmental issues, wetland issues and potentially other issues that can become a greater liability than the real estate is worth.There are homes near me that are beautiful today and probably will remain that way for many more years.

This beautiful city in the Hill Country with the Colorado River running straight through downtown brought forth over 70,000 new residents this past year.

Downstairs was flooded with beautiful HW floors.

I sold a house a few years ago that had a tree next to it with an enormous, beautiful canopy.

The quality of life is very high and many people choose weather and culture and beauty over home ownership.My daughter lives in Berkeley, CA, with rents and home prices even more out of whack than here.

Used a professional sprayer and knew what he was doing - so, not one of those little DIY kits - they look beautiful. 

Geneva NY is a beautiful town and has got Hobart and William Smith and other colleges.

Accessory to murder when he was younger.

They're one of my favorites because that's how we bought our first home in California - this was before the prices went crazy and you could still get a beautiful home for under $100,000.