:)@Jimmy yea when the "drive by" plan failed i resorted to that.

Very well said Chris.You have heard the statement "if you fail to plan, then you plan to fail" I am sure....so, with that in mind, I would define your goals.

Her first is also in default and you need to make attempts to collect those amounts in a timely manner.You will hender your ability to collect anything if you fail to make good faith efforts to collect amounts due.I'd probably work out a payment plan for her to get caught up.

I also want to know how quickly I can start wholesaling, and what exactly I need to know to do it.I would be careful about starting to quickly, as you are likely to fail if you do not properly educate yourself first.

An easier solution would be to FORCE the states with the screwed up laws to fix their laws or pay for the carnage of their own failed housing laws/policy3.

I failed.

There is still a huge backlog of foreclosures, and those all have to fail first (which many will).Single-family homes went through foreclosure first, as people who owned multi-unit usually had some cash flow or reserve money to keep themselves afloat for a little while before they lost the property, so while you might have "missed the boat" on the residential stuff, the commercial properties are coming fast.

You have no mention of dealing with eviction (even tenants in nicer properties can fail to pay).

According to the article, the house was foreclosed and then the foreclosing bank went out of business, so I assume the FDIC or other gov't entity took possession of the assets of the failed bank, which would include this house -- and, you cannot adversely possess gov't owned property (otherwise, people would be fencing off parks and stuff tog et the land).In the end though, all it will take to defeat this is for the property owner to tell the guy to get out.

Failing that, maybe you can buy a copy of the what the recorders office has.