This HR bill was sent over to the Senate twice with this provision and I am so glad the CPA's at my latest Real Estate Investor Club meeting were wrong.Believe me I am overjoyed and can look forward to continued rental of my 1031 exchange with relief.

Around 60 of them are canceled; another 30 will have no equity and go-back to the lender.Leaving 10 deals with actual bidders showing up at the courthouse steps.Nine (9) of those will be bid up too high for any serious investor to make any money, usually by someone we never see at the courthouse again.We did manage to purchase about 10 good deals at the courthouse last year.Thanks again for your reply.It is a little bit of a relief that someone doing more deals than us is describing basically the exact same method we are using for our courthouse deals.Kinda reassures we are the right track, but it looks like we should be finding about twice as many deals.

Due to property tax reform, the sale amount is considered the market value,For that trade off and anti business legislation there was homeowner tax relief.

I have a potential seller that has a contract from Sandy relief on hold and is to be left for the person who purchases the house.

It gave me relief and clarity to think about what to do with my money next, and not to worry about mortgage. 

All standard accounting still applies, the question is will those numbers on paper ever convert to actual payments or at time of actual expiration will a new relief order suspending/waiving any associated fee's/charges come into play, I have a feeling there is a good chance of such as we are living in the age of governmental over-reach (I would be pleasantly surprised if it actually considered property owners finances vs being told all are simply required to write it off as a business loss). 

You will have to pay income tax, but if you are going to take it out, the CARES act now provides some relief and you may be able to avoid the 10% penalty for early withdrawal.  

if not,Contact the banks attorney if no relief you might have to get an attorney

The plaintiff (the lender that started the foreclosure) will have to petition the court for relief, stating prior claim to the money due.Sometimes things are worked in court, like assets will be liquidated to pay off creditors, so the lender will then dismiss the notice of default (Lis Pendens) to clear the title so the house can be sold off.Other times, there are some paperwork issues, so the lender may dismiss the original default notice, end the foreclosure procedures, so they can start all over again.So, it really depends on what's happening with the overall bankruptcy case.

And may enable smaller land lords and investors some relief.