In addition, all the comps used on this appraisal were in the middle of nice cul de sacs when this house sat on a busy street close to commercial, and the appraiser did not not adjust down enough for that.  

Same tenant has lived there this whole time so it's been a good little earner.A few months later I took a course with Dolf de Roos, this was when I was living back in Australia, and started learning about the world of rehabbing, flipping and wholesaling.

I served 5 years in the Marine Corps, once I got out I moved to Delaware and completed 2 Master degrees in Financial Management and International Business Manager.

I suspect these may be junior liens or HOA's Or they are just so artificially low as to crate a bidding frenzy..which is kind of soup de jour these days.. start asking price so far below market you get 50 bidders and sale price goes for higher than market once everyone is in a frenzy

The wholesaler doesn't perform after the end buyer falls through and the seller gets nothing ( I know a couple hundred bucks EM from wholesaler for months lost .. whoop -de-doo ).

@Mark De Los ReyesGlad to have you around!

This is the world of Delaware Statutory Trusts.

I live in Newark Delaware, currently I am not working.

To educate yourself and network, you may want to attend some of the meetings for the Delaware valley Investors Group.

I am an unrepresented buyer in the state of Delaware.