Its risky because your betting on appreciation at this point, however if you can cash flow enough to make it worthwhile then you might consider it.I'm not sure if Illinois is a judicial foreclosure state or a non-judicial, my state is non-judicial, if yours is the same, then you can bring the arrearage current to stop the sale no later than 11 days before the sale, however I have done it 1 day before the sale by communicating with the trustee that handled the sale.With the time that you have left, you could market for your end buyer and with their down payment or option funds, you could use that to bring the property current and stop the sale.If the property goes to auction and reverts to the lender, they will then put the property into the REO dept. and it will come out some months later as a listing by a realtor typically close to full market value.

If they agree to that I'll bet money they have no problem saying peace out mid term

I bet those things cashflow like no other.

I bet you can get your insurance to cone in at 75/mo or better- the thing is only 1,500 sq ft.....So 400/mo mortg, 300/mo taxes, 75/mo insurance.

I highly recomend all his courses and I would bet his meeting and especially the training are very valuable.  

I don't know about New Mexico, but I'm willing to bet you can find most of them either on the tax assessor's website, or by playing around with Google for things like "x County New Mexico tax sale/ tax auction" etc.

You can get a partner who holds out for a better price and it may not ever sell.Don't rely on statutes to apply, such as profits as to contributions or replacing an officer or member when that matter is not specifically addressed (I bet most internet docs take this easy way out) each matter should be stipulated IMO, even if it is generally as applied by law when not addressed.

totally agree with Robert G Jobs is #1, although florida has the retirement "driver" which may not get you any tenants put keeps pressure on housing demand, especially safer (crime wise) communities

My rudimentary understanding of economics agrees with this.Instability in the Euro will push people towards safer assets like US bonds.  

If San Francisco reverts to its historical rate of appreciation at some point in the future, that means it will need to suffer through several years of lackluster appreciation to get back to the mean trend line, which makes it a risky bet in my book.