Multi family (small or large), SFRThe six plexes you are describing due come available some times for sale  (especially New Britain or Bridgeport), but you need to know the area to avoid the wrong side of town.

Another avenue you might want to consider is tax deed land sales that start coming up toward the end of the year.

If the note went into default The investor had the option to get their original funds back or keep the money in the deal for a percentage split of any fees from a foreclosure sale.

It's easier to sell many small priced homes rather than hope for the one big sale.  

I have seen worse, and even been involved unfortunate in worse from the sales perspective.

You could send them a normal purchase and sale agreement and where the buyers name goes just put " and or assigns " after that. 

I can refer you to my investing group's financial experts (accounting firm / law practice), if you like.Where the issue may be getting confused is that the interest on financing is an operating expense for income property, but the principal portion is booked under debt service, as I understand it.

If less than $500K then you'd have to negotiate it as a short sale with the 2nd lender.  

It's currently for sale for $65K in a $350K+ community.

Hi Everyone,I am in the process of doing due diligence on a sheriff sale property that i am interested to bid.