It may need to go through probate court and I'm sure someone in my network of investors will pick it up! 

This is especially true in the over $200,000 market which is soft due to all the oil layoffs.Houston also seems to be the "in" place to be for investors from all over the country. 

We moved to the Temecula area from Orange country 2 years ago but my wife still works in Irvine.

The other benefits are asset appreciation, principal pay down by tenant, and tax deductions (which I'm sure vary greatly by country).

We are an investor friendly HUD Brokerage that also does rehabs for our out of State and out of Country investors.Contact me and I can give you contact info for a great contractor in Altamonte Springs.

keep in mind my friends. not all properties that are in a sad state of affairs will work out this way. some banks just simply take their time getting things back out onto the market. each house is a different deal. the banks blame the courts for the mess, the courts blame the banks. some banks will never drop their properties simply because they have money invested in them. the two houses i have bought like this were pretty close together in time, as well as location. but i have been struggling to find another one since. it has been about 2 years since i have bought one like this. i have found one recently that i would love to get my hands on. i have even found the old owner, but i cannot get the guy to budge on selling it even though i know he doesn't want it. some people get really skittish with things like this. the one house i bought, it took me over 6 months to talk the guy into selling it to me. patience is the key here. if the bank has already placed their name on as the owner, legally, with the local authority, chances are they are not going to drop it. even if they forgave the mortgage, they still own it. you have to find one that is behind in taxes and still has the original owners name on it as owner. then look for a release of lien from the bank. the bank may not file this with the local authority. you have to get the bank to admit that they have dropped it from their books. thats hard to do sometimes. i am working on one right now that i am sure the bank has dropped it, but they will not admit it to me. it has been sold from one bank to another, to another, and so on. i literally have a paper from the court showing that one bank sold it to another, but i cannot get bank #2 to tell me that they own it. they claim to be just the trustee. bank #2 filed the starter paperwork for foreclosure over 3 years ago, and have done nothing since. 3 years of back taxes on the place, no one takes care of it and even their lawyer told me that the case is closed. but the bank won't tell me that they dropped it. patience and persistance works here guys. i will get it, and so will you. just keep working at it

In my state it's about 2 months from serving the 3 day, waiting for and going to court and waiting for and getting sheriff to come.  

Even if you are legally due the EM they can deny and tie up in court and although you might eventually prevail you will waste a lot of time and money.

They come and work at the embassy for a couple years and leave....but many of them want their capital left behind in this country.

@Eugene LeeThe average rental income in maybe 80% of the country averages from under 1% to 1.5% of your purchase price in monthly rents.