And when it comes to getting ownership of the property, it's only after going through many steps - publication notices, court hearings, etc.There are opportunities, but you need to know the rules. 

Very near public transportation.The owners are delinquent on taxes since 2012, though the total amount is less than $1000.Anyway, I have never had experience with dealing with this sort of thing.

Investopedia does a good job of explaining the term sheriff's sale:"A term used to refer to distressed public property auctions.

Finally he sent me a listing that his boss had in escrow and backed out of it this property wasn't even listed on the MLS and went pending prior to publication.

The public records show it listed as a 3 Unit apartment not a 6 unit place, so what kind of a headache could that cause me if I went ahead with this?

;-)Nice write-up, Engelo, though I never fancied you as the shy type.haha Roy,Walkabout Creek lolPublic speaking was a ear that I carried for quite a while.I still freak out a bit before I speak in public lollolThanks and have a great day.

It's not something they generally give out to the public.

who's going to be another big net negative for MKE, they'll smash anyone like a bug in your kitchen, trust me I've watched it unfold at least 6 or 7 times now and a few were HUGE here, including the guy who taught me the ropes and who basically dominated the local auctions here, he had hundreds and hundreds of mainly single fams and duplexes all rehabbed and rented out, not dumps and he's now wiped out, rebuilding from nothing or trying to.Another one who got BIG and then was wiped out by the city publicly targeting him with the mayor (still the mayor now) going on tv and saying he was the #1 slumlord, a criminal, etc (he wasn't perfect but sure as hell didn't deserve THAT!)

Some of our Projects have non-public information that is proprietary to the Project, other times we do not want people physically snooping around our Projects before we have closed.So, I personally sign them all of the time, and send them most of the time.  

By law you may not publicly market a property for sale that you do not own without a real estate license.