I invested in the Florida market right at the top and now need to short sell several properties. Additionally I have been hit with deficiency judgements on the two properties that went back to the bank, both for ove...

So, you're 100% sure the dollar will collapse, but you don't want to move into Euros because it's not doing great...You're 100% sure that you're investment is going to zero, but you don't want to sell off because you don't like the alternatives...In other words, if you were in a burning building, you wouldn't run outside, because who knows, you could get hit by a bus outside?

It take a LOT of energy to get the packet together, take pictures, coordinate with the negotiator, etc.

I've seen way to many people burned this way.

It doesn't include landlord insurance (buy this or don't bother, homeowners won't cover the tenants burning the place to the ground), vacancy, utilities when its vacanct, maintenance, make ready, eviction costs, tenant damage, etc.Now, with just the one property you might get lucky and have a tenant in there all the time and have no problems.

At least here in PA it takes about a year until they foreclose so the risk is much greater that the property could be vandalized or burned down and their loss would be total.

Advertise to my buyers.I would appreciate any addtional action steps to improve my success rate on closing good deals.Thanks,Bob Burns

If the spread is not there, there is no reason to kill the deal once you have an approved short sale and burn the seller and buyer.

That stuff is nasty,,careful you dont burn your nose or eyes.

So, while I 100% agree that people should repay their debts, keep in mind that the banking industry had safeguards in place for dozens of years to ensure that they didn't get too burned when a borrower defaulted, and they consciously traded those safeguards for fast and easy revenue.