I am not sure on the specifics regarding the costs associated with tenants abandoning personal property.Since we have 30 days to refund the security deposit, and if the tenant does not or refuses to claim any abandoned personal properties after X number of days, can the cost of storage or removal be deducted from the security deposit?

She is in another state, without internet or fax.Day 83 - Get lien information, and contact lien holders - HOA tells me they won't settle.Day 84 - Bank tells me I have 1 week to close and fund or its headed to foreclosure.Day 92 - (8 days later) HOA and 2nd lien want to settle.Day 92+ - Can't get ahold of bank / asset manager.

This opening bid is usually equal to the outstanding loan balance, interest accrued, and any additional fees and attorney fees associated with the Trustee Sale.

I am heading towards a similar situation (not sure how it will pan out yet--maybe there will be a miracle?).

I learned about subordination of collateral recently and would like to explore that a bit, but I have not wrapped my head aroud it quite yet.Any outside the box ideas, are appreciated!

I've come across a number of deals in these cities and would like to get opinions before I head down there.

I'm putting myself out here-I want to take the chance, but if you all tell me I am heading for disaster, I need to hear that to re-assess my judgement.

My guess is that you are over your head and should start with a smaller project.

I have thought of joing the Chicago Area Real Estate Investors Association anybody haave any experience with this group as i cant find much info on it.

This is one of those things that just makes me shake my head and wonder what people are thinking!