You may be in a bad situation but, there maybe a way out if you can get in front of the board and explain how you're trying to improve the community and you want to work with them to resolve it.

BPOs and drive by appraisals often only capture the "at foreclosure" value that assumes you have been neglecting the interior and deferring all maintenance, not the full retail market value of your well maintained (and improved!) 

@Lorelei HilzSurvey's (improvement) are not usually recorded so you won't find them online and it won't be in the appraisal district records in the rare event a survey is recorded.  

I have done it a few times Its actually quite gratifying especially if they improved the property thinking no one would redeem.

So if you put 20% down and think you're going to refi for a better rate in 6mo (without having done improvements) then the market better have had a major uptick because you wouldn't have the equity to refi yet. 

That's the questions that's up in the air...

I was Security Force in the Air Force.  

Excited about my property:Great property built as a duplexHUD Purchase2br, 1.5 bath, W/D hookup each sideEach Unit has 2 sets of stairs one going to each bedroom / full Jack-Jill Bath1400 sq feet each,New roof, new NG BoilerPurchase $66,700 + all in after improvements $75,0005 year adjustable @ 4.5% with very low closing as lender does not require AppraisalIt will be a reach but hoping to get $950 as side rent (they are really very nice units)My absolute all-in cost will be $975 per monthAlthough I don’t post much the stories and content from BP provide great advice and terrific motivation thank you to all!

I was the guest on show 124 and it has done many good things for me since it aired a year or so ago. 

Looking forward to learning as I go and improve on deal analysis!