Sounds like they are selling on land value for redevelopment and not existing income.If they are making money and the area is improving they can wait for surrounding development demand to increase the dirt value for resale.If the owner is worth a lot of money they are taking the long view to value.

Thank you Douglas Skipworth That event coming up sounds like and excellent idea to network.

@Bob Elliott Not sure what you're referring to.....Nothing has changed as far a bank's ability to pursue a deficiency (never seen one done a short sale though), and the 1099/MDRA hasn't changed any either (currently in effect thru end of 2016).  

The plus side of this is that is sounds like they aren't deferring maintenance due to a lack of funds - they are special assessing as needed. 

If you want to be more cost effective, you could post "ghost ads" on Craigslist in cities all over the U.S.

I'm sure people in both categories will talk about wild success going both routes, but my intuition was to the effect that it's much harder to find a 'deal' than it is to find someone who wants to list their house for top dollar on the MLS (while I certainly do not assume this is easy), but I only have so much time and money, trying to not only create a marketing budget but build systems around both of these businesses.

Let me know if that sounds good to you.Christine, if you are willing to take on new investor clients to make offers for, please let me know.

Hi @Danielle Clark, sounds exciting!

Sounds like you are close to killing the debt.

If they sell at market, I would have effectively made $0 in profit, and it cost me roughly $1.4m all in.