Its just that the leverage that's possible on real state means they may have lost everything they invested and may still have to bring more money to the table to be rid of them.Jon

I'd LOVE to rehab them and sell, but that's mostly because I drive by them 20 times a week and it'd be a great motivator :)Both are similar:Old 1000-1400 3 bedroom 1 bath, 1 brick, 1 sidingBoth sit on about an acreBoth have been vacant for at least 2 years, meter pulledBoth would need complete gut rehab.Land worth about $10-15K on bothAs I read what I type, both sound like a lost cause for rehab unless i can pick them up for $100 each.

I *think* I've lost one potential buyer in the past 4 years because of this.Now, I've decided that the benefit of having my blog outweighs the risk of scaring buyers, but if I didn't have my blog, I almost certainly wouldn't be sharing BEFORE pictures or intimate rehab details.

Lost equity, destroyed credits, lost homes, lost jobs, lost 401ks... call me crazy, the banks themselves simply bucking up and reducing the overall debt of the country by $100B or so seems "fair" to me at this point.

When I did talked to him last it was all about paddleboarding related stuff:) thanks, mattSorry, you lost me there...I'm going to assume you just wanted to post a picture of you and Brin...absolutely nothing wrong with that... :)

We lost the copper pipes in one of our SFRs during its vacancy.

For $5, you can get an Abstract of Judgment from the court and file in the countyFor other damages and lost rent and such you will need to file a small claims action. 

The rare occasion the owner had a forklift we were in heaven.I won't bore you with all the details but that was only about 15% of the stuff we did there.My dad died in a car wreck when I was 15 and lost my grandmother that same year and my best friends dad finally died of cancer month later.

Not to mention the months of lost revenue from the tenants that I'm sure are not living in an apartment covered in sewage.

The LL could also sue you to try to recoup lost rents ( to a certain extent) which could affect your credit.