how much hassle and/or collection costs does the volunteer board want to go through to chase this down forever?

I checked with the recorders office and they don't have records on-line.I did got into the recorders office and they do have a good electronic system in place which makes searching fairly easy.I did a practice run and found a lot of documents.

I know most people have reserations about it, but I have found applying the residential marketing practices to commercial sales yeilds great results because none of the commercial brokers do any of the stuff we do.With the market the way it is in home sales, I was just wondering if anyone else was considering going to the "darkside" If anyone is, there is a lot of opportunity to be successful

Collect earnest money from the buyer as well!!!

---- REO practice can be very interesting!

I specialize in Student Housing and own a couple of houses near a local university.I came to this site (and others) to find some information on best practices for my niche as well as try and find some information on different RE opportunities.

what is the standard practice?

I don't know if I'll ever make any money off of them and I don't plan to because I just love collecting but my kids or grandkids my enjoy my early 80's card collections and my signed footballs and stuff.

That puts the dot com crash to shame.What are the practical effects?

Other local practices may vary from what I describe.The whole initial purchase transaction gets handled by a title company.