It wouldn't benefit the bank.They could sell a $500,000 property to you for $300,000.Or they could list it on the open market with a Realtor and sell it to anyone for $500,000.Prior to the bank taking title the property is not something they own.

Some prior experience in a related field helps.Development can take a fair amount of cash as lenders do not like funding such projects unless the developer has a lot of money on the line.

Revans, :welcome: As you said that you have a sales and software background...Tell us more about yourself and how you expect to leverage your prior skills, training and knowledge.

Some countries have issues with prior events.

I was in education for 19 years prior.

:welcome: to BP.I am interested in hearing more about your and your history prior to RE investing.John Corey

You need to examine yourself and decide if such investments, and the accompanying potential for lost sleep, are appropriate for you.Jon

The lender will pay off the taxes rather than let the lien trigger a foreclosure.Many liens that are on offer at auction get pulled prior to the actual auction.

I trying to soak up as much as I can prior.

The prior sale price does not tell us the present debt structure.Check the zoning.