Some servicers will say they never received a tax bill so the money sits in escrow while the property is paying delinquent fees.2.

A deal is not just sitting there, it is created through marketing and negotiations. 

They sit on the market a long time & sell for a much lower price.Now a local investor just told me he bought a foreclosure & discovered foundation issues after they were well into the major rehab upstairs.

The longer you sit in that the more profit you lose.

I moved out and started house-sitting while renting out this property on short term leases.

(He very brash and aggressive and wants to control the conversation)My assumption is he’s tried to sell the property before and was offered 80K because he keeps throwing that number around as what he would never take.He claims it’s a 3/2 ranch that’s vacant and sits on 5 acres of land that he owns free and clear of any mortgages or issue with liens or taxes.

I see opportunities out here but need to sit and analyze as many deals to really get a grasp on the market.

"Sitting in the bank" could at least sit in a CD or high interest savings account. 

I am considering selling a property I have equity sitting in to be able to purchase more rentals.

Its not sitting in some vault waiting for you stop by and pick it up :)Obviously they are government regulated and FDIC insured so they have guaranteed you can get your $$ when you want it...... which is the big difference with a private person.