The vastness of city limits including rom, utica, oneida, and others have a variety of markets that seem to overlap each other and makes it difficult with most of these cities, especially rome to make a definite market analysis.

Because of the terminology used here, your personal residence can be an "investment", but it certainly is not an asset, at least not on your balance sheet.If the question was presented as asset or liability, then the answer is 100% a liability, even if it was held free and clear of a mortgage.

Mike:doing a buy-write will reduce your purchase price but it also limits your upside.

A good place to start, given your limited resources, may be to join your local REIA (real estate investor's assoc.)

That sounds like you should pay $45K max, based on that limited info.You do know prices have fallen from three years ago, right?

Lenders have strict requirements so that they limit there risk of loss.

Note: Auctions held in bad weather where the property absolutely must be sold, are your best chance to limit competition and get property at rock bottom prices, due to the fact that there is no low limit on what can be accepted (no reserve) you may win big.

It's not a HOME to them, it's a LIABILITY, yes they want to sell it, but they want to mitigate their losses too.6.

CoLetter To Lender Limited Power of AttorneySeller Disclosure and Addendum to the Sales Contract Authorization to Release Loan InfoOthers that I'm not aware of?

Don't know if they have them in Canada or not, but not limited to US.