The notes become non-performing and decline in value. 

If they do then submit the other documents that you asked for, then decline them based on what the documents say or decline them based on the invalid social security number and the wrong address.

I know of investors who have done this using the "whole block" strategy, and I have a reasonable feel for it in my own little area, but outside of that my experience of what makes a neighborhood 'come back':No intrinsic reason for decline other than decline - i.e. it's not next door to a sewage plant or trash dumpHouses were reasonably well-built and well-sized to begin with Within easy walking distance of anything worth getting to - a downtown, a really nice park, a fantastic library, a great shopping centerA high ratio of owner-occupied to rental property(Sad but true) A low percentage of immigrants and minority groups (this could include whites depending on the area); there are still a lot of prejudiced buyers/renters out thereA perception of physical & personal safetyReasonably close to centers of employment

Well, because if you own a condo right now, you’re not only going to watch the value slowly decline for the next ten years but you’re going to watch the reserve slowly deplete for the next decade also.

Last I checked Cozy accepted partial payments...... which I don't like being unable to decline that option.

Properties are cheaper - Detroit is inflated through the roof with these OOS investors thinking they will make tons of $$ with appreciation in a city that has been on decline for 60 years LOL!!!! 

You can't just say we want a smaller or cheaper house unless your income went down and then you show the decline but declining income can bring up other problems maybe denied ... so not the best way.

Paying cash is a way to reduce risk if selling prices decline, that also reduces potential returns for the same amount invested.   

The more common trap is not analyzing a low number and finding out you will be on the hook for special assessments, emergency repairs and general decline/disinterest

It’s a down year for the smokies this year in general, some are saying 20 percent decline in revenues is considered to be the expectation this year.