Ive seen short sales where the seller walks with cash and the lender got nothing.Its a strange market, but their are still winners and loses like always!

That $12K per unit could easily turn into $20K and then even $100K is too much to pay.

With those numbers I could easily get a 10-15% return on my investment, but I know absolutely nothing about the Dallas market so maybe there's a reason for that.

You could bring in a money partner to stabilize but getting something is better than losing it and getting nothing.You could also look at selling to a land holder or a developer for cash to tear it down and rebuild something better.You can also approach your bank and explain your repair situation and see if they will help with the repairs to protect from a default and huge loss.Some small banks will do this sometimes.To the big banks for the most part you are just a number and a loan that has to be worked through.A HML loan will eat you up and I don't recommend that.A regular lender will not touch a property like that.

These new regulations have already made it nearly impossible for a consumer, who is about to lose his or her home, to save the home by obtaining a non-bank, private or hard money loan.

If you want to put your neck out and beat them and buy for $81,000, this may be the usually huge difference between profiting and losing a ton of money.

It's funny that it will all catch up to them in the end.Yest, but your mortgage specifically states the consequences of not paying back your debt - you lose your collateral, ruin your credit rating, and possibly face a deficiency judgement for the balance.

One benefit they are losing out on: if they were to wholesale it, they would never have to advertise the situation.

I'd figure you can monitor this rather easily.

Sure you'll lose some tenants in the short run but this isn't a short run game.This really has me thinking.