If say the county sells the property and there's an excess of funds left after taxed have been paid, would the county pay the 1st, 2nd lien holders?

The properties that had finished basements, I immediately sent a company to suction all the water, then bought many dehumidifiers, and dried everything out.

Here in NJ it is pretty cut and dry for non payment evictions.

From comments posted here, it seems you have two pretty cut-and-dry options.  

I have enough cash in the bank to basically do the same thing to another property but will be all dried up after that. 

I have been wholesaling in Dallas for a decent amount of time now, but I am finding that my pool of investors is starting to run dry due to the majority of them currently working on projects.

As far as your insurance company and policy is concerned, this should be a pretty cut and dry case because they will be able to "subrogate."

That property would sell for in excess of $250,000 here via the MLS and probably more like $500K depending on the exact location.BP can't tell you if it's a good deal or not for your area unless they know your area.

If you'd like to take a read of some of the aforementioned research, try these: A list of articles I can't post due to journal subscription stuff, but are cited in a short explanation of values by Habitat for Humanity: http://www.habitat.org/how/propertyvalues.aspxA working paper by NYU students that provides all the dense dry stuff I love, but bores most people to tears: http://furmancenter.org/files/publications/Does_Fe...And finally, what should be considered a holy grail source for us here on BP, the National Association of Realtors agrees with me, and links to some of my favorite research (and opinion pieces for those who like more interesting writing): http://www.realtor.org/field-guides/field-guide-to...

My seller leads dried up and I had to start all over again priming the pump.