You could sell it to a wholesaler or investor at 70% market value with just a video tour but you won’t get a retail buyer.Our plan of action given the current environment is to list the new properties as “coming soon” on Zillow and other sites now with the photos and video tours to gain momentum but we won’t actually list it for sale on MLS until we’re able to get people in to see it. 

Should you be doing more marketing to a specific group who are more motivated to sell because of the current environment?

I would say to be extra cautious in the present environment with making offers as any type of property could be going several months with little to no revenue against it.

You might still get some interested parties if you start looking now but the question is are you comfortable with showing your unit at this time if people want to see it? 

We believe they are critical for the viability of Lima One and the entire private lending space.We will continue to monitor the market environment and sincerely hope to be able to reopen our Rental lending as well as expand FnF and Multifamily programs as market rationality returns.

I plan to work with my tenants and would like them to feel comfortable staying in their homes, but they need to do everything within their power to make good on the agreements they have with me.

The economic environment does not care about my feelings about what is happening.

Figure out what your comfort level is for contingency funds, i.e.

I'm remaining optimistic but everything points to us heading towards a more restrictive lending environment.

They also agreed lenders have no desire to take ownership of properties if it can be avoided.Bloomberg's Langbaum said he takes some comfort in knowing lenders and landlords alike are far better capitalized vs. 2008, when it was commonplace to see loan terms for overdue mortgages extended indefinitely — a practice known as “extend and pretend” — or for property owners to simply turn in keys — “jingle mail” — and walk away from properties.What also was different then, he said, was the economic fallout was far more gradual than what’s unfolding today.