After doing some probing I found that late summer sales where doing extremely well in my area.

Jurisdiction still lies with the same court that granted it.Just so you know the court cannot order the lender to remove your name as they are not a party, if your ex wife cannot refinance because of bad credit, the court only has 2 options, hold her in contempt for not removing you, or ordering the property sold to satisfy the mortgage.

The key question to ask is "what is the ratio of assessed value to true market value in this community" The tax man often tracks this by taking all the sales that occur and compare them to their assessments.In extreme cases I have seen City's in upstate NY which had a ratio of assessment to true market value of 20%, which is to say if they say a property is worth $20,000, it may actually have a market value of $100,000Where computers have helped track market data, and market conditions (and the high taxes on properties) are a big deal in a lot of communities, many places, such as here in Mass, re-assess very frequently in attempt to keep taxes fair.

Although in these few years in the crisis, this has happened in extreme amounts and in a short time period over just a few years.

And to find 5-6 caps in a 50 year old B or C asset class seems extremely low.I appreciate your analysis of the market, it gives me more insight into what's going on up there.

I recently came across a extremely motivated individual who owns an 8-unit apartment complex that rents at 600-650 per unit.

OTOH, if the seller balks and refuses to sell, there's not much you can do to satisfy the end buyer.

Not very original, I know, but hopefully satisfying and rewarding none-the-less.I currently work full time (and then some!)

If the home was surrendered, a discharge order will be issued for the mortgage.If the home was selected to be surrendered, the mortgagee may opt to finish the foreclosure to deal with any additional encumbrances on title or a Deed in Lieu can also be arranged along with a directed sale of the property to produce funds to satisfy the lien.

My investor/backer though is more interested in finding two family houses at extremely low prices & needing minimal work.