I would tie the exercise price to a new appraisal, whatever it is. I

The problem is I don't know the 1st place to start who can trust me and who can I trust?

The price all depends on the type of soils, what type of foundation remediation program is chosen, and how bad the foundation is. I

Problem is, I don't know the going rate.

My real question I guess is, I went to the bank today and I can get the $30,000 but I need 20% down plus closing costs.

There are a number of folks from Texas here on the site - but I'm not sure where Selma is ... is that near Dallas?

So I've found that its difficult to evaluate multies in my area using the 2% rule, because everything is is priced much higher.So my question is does anyone have experience in massachusetts with using market cap rates with NOI to value the property and do you feel that this is a "Semi" accurate method with determining value (especially when comps are not available)?

My question is, is it likely that the property manager just doesnt care, and rented it lower than market rent?

We did collect 8 months interest before the default and so the net loss was small.In hindsight I would have sold it as-is. I

Michael,If you explain what the title issue is, I am sure someone can help you.Joe Gore