I think that is a real possibility and as Tim said - that is when the self-help evictions will start!

This is a major blow to confidence that is already shattered -- anyone on the fence will probably try to take their money out," said Doug Kass, president of hedge fund Seabreeze Partners Management.

Commercial lending has just about dried up, so your buyer will have a tough time with financing, unless they are an all cash buyer of course.You could target self-directed IRA owners who could pay cash and sit on the land for appreciation, or develop it themselves.

Taxes, insurance (or self insurance), winterization, most likely property damages, eviction costs, etc all have to be paid if they do an eviction.

But, I will not be that person that convinces my own self that is worth more than it is.

However, I am confident in my motivation, which is to assist the seller and make some money.

I feel confident our business plan will do most of the selling.

I have taken intensive college classes on Tax & Legal strategies, using Self Directed Retirement plans to invest, Wholesaling, Short Sales, Tax Liens & Deeds, Rehabbing, Subject to existing financing, Seller Financed Notes, etc.

We started very small, self financed using the unrealized equity as collateral, and did not need HMLs.

Another benefit to financial statements is that they give your banker confidence.