In cases of market decline below the current assessed value, you can file an appeal with your County Assessor.

Jon, section 15 of the standard Texas Real Estate Commission contract has 'specific performance' in there.

A GC will provide you with a guarenteed price, and a guarenteed standard of quality.

And, eviction proceedings can sometimes drag out for a few months if the tenant wants to fight it.It can be a waste of advertising dollars, and your time.Not to mention the risk involved of the tenant making something up and filing some sort of charges for some made-up thing.On top of that, do you want to show a perspective tenant the place while a person who is not paying is living there?

Also, on your end you will want to file a notice of option with the county...this will make your option to purchase official.

He said his partner died and he lost the business and filed for bankruptcy.

Here's the quote on that from the court rep of the Lucas County Court of Common Pleas that filed the tax lien on him, "We get hundreds of state liens every day and we don't have to make a judgment on them.

Its my understanding that they are going to foreclose on the house if they dont sell it anyways.. so they might as well save their credit and avoid filing bankruptcy. ( I have no idea what im talking about so someone please tell me if im right:)

Double closing are the best way to deal with huds...always best too to move the title company who is closing the file to a "friendlier" vendor who isn't worried about their hud contract.

All traditional standards and beliefs are shattered in a severe economic crisis.