That's going to take a non-trivial company to handle a batch like that.Could, though, turn into a massive, fairly quick selloff.

The lots (non golf course lot, non lake lot, but nice interior wooded lots 1/3 acre) are valued in the range of $25,000 to $45,000.

Think 19th century Chicago swallowing up the prairies and birthing the biggest and best meatpacking industries, lumber yards, skyscrapers, public transportation system, department store businesses and futures trading.

Rick also is a principal with www.assetsclearinghouse.com a facilitator for financial institutions seeking to liquidate their distressed assets and non-performing loans.

Why pay your loan when non-payment leads to a better deal on your mortgage?

Some argue that carrying non-performing loans on the books hinder the banks ability to lend by tying up liquidity.

http://www.huffingtonpost.com/2008/09/22/dirty-secret-of-the-bailo_n_128294.htmlDirty Secret Of The Bailout: Thirty-Two Words That None Dare UtterDecisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.more at linkofgift

Once I get enough cash from that move into condo conversions and try to take my investment company public.

You usually have a NON refundable deposit that you put down on the property as the Option consideration.

Promote yourself, your real estate ideologies and thoughtsFor those members and non-members with "outside" blogs/websites, a BiggerPockets blog can be of a benefit for you as well!