As some of you know, my wife and I are in the process of purchasing a vacation home in the Davenport area.

If you are interested in the portion they initially offered, you can use the results to bargain with them and obtain the additional land; the cost of the survey becomes part of the process. 

I would also highly recommend you starting the loan process now.

At that time in New York it was about a four month process.

Another circumstance is that they may realize they have ownership, but for some reason or another they don't believe they can sell it, which with rare exceptions generally isn't the case......they can almost always sell.These are absolutely great leads for newer investors because you don't have to have a huge marketing budget to pursue them, they are much easier to negotiate and contract, and much easier to access and show to investors because generally the heirs to the property will tell you to help yourself to viewing the property and inspecting whenever you want without them being present.  

I don't understand why there is such a wide variance between these two cabins right now - same formula.Also, I asked @Collin H. if there was any correlation he could find between the cabins his company manages that are doing somewhere between 15% drop to 50% drop and he said he could find no correlation.If I were to build another any time soon, it would be with a huge down payment, so it would not be so heavily leveraged for my risk tolerance right now.  

He is in the Bay Area, but can process exchanges nationwide. 510-316-8078 ; [email protected]

Or what is your process to guarantee that they don’t lose their money if you decide to sell to someone else or get sued and lose the property?

Rates are generally higher on interest only options and the difference in payment isn't that huge from a 30 year fixed option

You can also JV with investors familiar with the foreclosure process.