Unless you live in a market that is a great investment market, you are not going to find the great deals that many of us are finding working in your back yard.

I think there were about 30 vendors total and 80% of them were "Buying Real Estate in my hyper-awesome --insert town in FLA-- Back Yard".

They'd rather have granite counter tops, travertine flooring, and swimming pools!

It seem as if everyone advises to get your first property in your own backyard.

There is also a 90% chance that the loan has been sold off like Chris outlined, so I doubt the "big" boys that buy pooled mortgages on the secondary market are going to look very far into it.

Previous owner wanted to send the bank a message, he also drained his pool and threw a fridge into that.

And for goodness sake - how long is her shower to actually cause it to pool up enough to run through the seam of the floor!?!

Look for amenities that are close by Parks/pools/rivers/entertainment districts and so on.Is the area growing or shrinking you want to invest in?

You can't see the excavator in the backyard in these pictures.But I wanted to show you guys how the paint turned out.

Loans were pooled, priced and sold and then files were shipped with buyback provision for missing items.