We were 2nd and were shocked to get the sale (there are section 8 tenants in there now and with Portland's new renter laws we heard the first buyers balked at logistics of kicking out section 8)3.

I'm so glad that the loss will be covered by insurance but, even so, it makes it no less of a shock to the system.

I have the parcel number and am waiting for the surveyor to provide a preliminary report/sketch and see if our agent is on the right track.We haven't sold anything yet because the sale is awaiting our results and subsequent changes.We own 2 parcels, but have 1 parcel ID # on the special warranty deed we received.

BTW... we got rid of the smell using the company Smells Don’t Sell and their ozone shocking treatment if you ever come across a smelly house.I think overall it’s a great option if you have the cash to buy them.

Currently I am in preliminary talks with the Portfolio manager to determine if we "can" get the loan current and performing again.

FLA is an escrow state and there are very good escrow officers at title companies who can do this for you in a matter of minutes.. you just need the preliminary title report to see who is on first base then go from there. 

I think there's plenty of free training out there to get you through the preliminary analysis phase, but if you're gonna pull the trigger, then the paid training is invaluable; Scott Meyers and Mark Helm are 2 big ones.

Or, rather, I was initially shocked when I look at great properties with 50% occupancy until I started looking at mid-week vacancies, off peak times, etc.

My team is convinced we can pitch it to our investors for around 250K (with some room to lower the price of course)...and we were going to offer the bank 175K....which is 75% of the foreclosed mortgage that was owed.Yes...they are preliminary numbers, but can you see why it looks like a good deal?

I am shocked that they did.