Such is not the case in various states throughout the USA.Foreclosure redemption periodSome states, such as Illinois and Minnesota have a redemption period where a homeowner can still hold on their home and thus shun a mortgage foreclosure The elegance period for will differ from state to state ranging from 3 days to six months.

I am looking at buying a single family home, and rehabbing.. somewhere around 150k price range, and rolling that via 1031 into either another home or multi fam 3-4 units.Any advice?

Some people might want to turn the water on to see how the pressure is.

Comps in the area range from around 500-700K.

Find out what your HOA covers, it might inlcude garabage and water.

They can guide you through the waters on this and many other subjects of re investing.

the best way I have found is to look at the sales in your area and price range of forecloser sales the banks now these and acording to the condition will not drop bellow these should you find one that needs alot of work try a justifcation list of cost

Compared to taxes in Bucks in the 3-6K range annually.West Philly is only a 40 min. drive so it's not that bad.

As a residential real estate investor, you could give a free seminar about topics as wide-ranging as “How to Sell Your House for Your Price in a Down Market†to “How to Buy a House with Bad Credit.†The key here isn’t to directly market yourself.

More forclosures coming in every month in that size and price range and getting financing for those babies limits the number of customers knocking on your door.