Remember that you couldn't use the self-directed IRA for only the down payment.

You have to give proof to the court that principal note value is less then the value of the property (remember in bankruptcy court I have never seen anyone get interest on a note).- If the release of stay is granted you then hold your foreclosure sale.Lets be positive and assume the bankruptcy has been dismissed and the lender has never started the foreclosure process.

I remember reading that there was supposed to be a new wave of home sales from bank foreclosure inventories, but I never saw it.

I can't remember.

I can get details from my brother in law, but if I remember correct if you live for a number of years you get about 60k in free money...

Remember you don't have to own a property to control it.I have buddies in western PA getting houses for $500-2,500 each from the county Tax Repository Sales.Good luckPaul

States are different but i can tell you what I remember from long ago in Texas.

That raffle I remember was years ago.

Remember that you can catch more flies with honey than vinegar.I've seen them place a lien on a rebel/delinquent homeowner and eventually they collected a portion of their fines when he sold the house.

Remember to have your escape clauses.