Second option would be to sell it at a surplus.Property List: $120,0003br/1ba (standard for my area)Median rent for 3br: $1100Property is in good condition and the area is nice and upcoming.

You will hate the conditions the money comes with and rue the day you went down the rabbit hole though!!!!

In the event the file bankruptcy or, in the present condition with a death of a borrower on one of my loans, that the worst that could happen is a return of principal.

IIRC that was the condition they had with them to handle HARP.

Discounts on REO, especially step discounts are derived from property condition or title defects.

I am sure your experience will serve you well, just make sure you understand how the local market conditions have changes since you were last active.

Maria, Being an independent contractor isn't bad; however, your boss would have to give you a raise to account for their half of Social Security and Medicare.

All old tract houses have small eat in kitchens, outdated appliances, heating and air conditioning, etc.

. - Tile Roofing, looks to be in good condition, but didn't really inspect it yet.3.

I can see where I could do a letter of intent saying if you rent at this amount and never miss a payment, keep the place in good condition (not maintenance) at the end of five years you may buy the MH at it's book salvage value of five hundred dollars.