You also want to wait for our lovely politicians to lift the rent/eviction/foreclosure moratorium ban. 3.

Typically, home sale prices will lag about a year or 2 behind the economic drop because a) there was a massive stimulus passed to help people ride this out in the short term and b) it takes a few missed months of mortgage payments before a bank will start foreclosure proceedings, which can take another 6-12 months. 

Account Closed The main con is that your parents are could lose their house due to foreclosure because either you or they can't make the mortgage payment. 

Condos have great pricing, but between the HOA costs, the only cash flow opps I've seen so far are foreclosures in which I don't feel comfortable pricing the rehabs yet.

I can see how it may be useful to get title reports (TotalView) reports for foreclosure properties.  

I have yet to successfully purchase at auction and when I've contacted the seller pre-foreclosure (in CA), they've usually informed me that they'll proceed to auction. 

I just went on the HUD website for the first time and was amazed at how many foreclosures there already are in some of the cities I’m interested in.

Once the pandemic is over the requirements will change backThis is actually no different than foreclosure/eviction freezes, STR temporary bans, etc.Things are not nearly back to “normal”.

She was going through a nasty divorce and facing foreclosure due to her soon-to-be ex-husband pocketing the rent money instead of paying the mortgage.

Foreclosure is a lot faster here.