Usually, it is too late in the process to perform a short sale, so that means the bank is going to want the full amount of the loan before the foreclosure sales date.  

But that's not saying it is 100% accurate in recent flooding of Katy and Cypress areas in Houston there were houses flooded that they were not in the flood zone, one of the reasons apparently is the amount of new construction that was done over the past few years changed the flood plain.

Plus, one may perform differently in your market vs my market vs someone else's market.

s...the confirmation by the court is for the equal distribution to the beneficiaries not whether the sale should go ahead or not.since its a fix and flip, there is no rental income.......i would suggest speaking to your lawyer as to how well protected are you by the articles of agreementIf you were to go ahead, fix it then hold it to earn rental income while waiting for title(specific performance)?

It helped a great deal with the market recovery as these Wall Street funds provided a role that the secondary loan servicing market was unable to perform for a few years.For the primary markets like, L.A., Las Vegas, Orlando, Tampa, Miami, Atlanta, Dallas, Houston, Phoenix, Boston these hedge funds sped up the recovery at a rapid rate.

It requires a whole basket of skills and you have to be good at all of them including knowing your market really well, marketing skills (and significant funds), negotiation skills, understanding investment strategies and what makes an attractive deal, estimating rehab and construction expenses, estimating after repair values accurately and networking - to name a few.

Obviously, you need to do a VERY accurate floor plan to make sure it all functions properly. 

If you are looking for passive income, then you want performing notes.  

Some purchase and sales agreements (Lease Purchase) may have specific performance requirements that allows litigation is the buyer doesn't buy, but I don't really recommend adding insult to injury if a buyer doesn't close in a lease purchase by them forfeiting their earnest money AND staring down the barrel of a lawsuit for not buying.

They don't have to deal with the aftermath that you do if a investment project does not perform to original devised plan.