If necessary, the sale can be postponed by an announcement at the place and time of the original foreclosure.Typically, a title insurance company is named as the trustee to arrange the sale of the real estate.Antideficiency Statues Some states such as California have enacted antideficiecy statues.

Or like Type Rider said, park it in a CD, that is a guaranteed investment (up to $100k, assuming that the bank is FDIC insured).

Hopefully he doesn't need conventional financing or has the 20% down to finance the property since the insurance companies aren't writing insurance for rental properties in Florida--PMI for one.

I relocated to Vegas last summer because taxes and insurance in Florida has gone through the roof (thanks to all of the huricanes) making it extremely difficult to have cash flow.

Utilities, taxes, insurance, HOA fees, whatever.

Things like health insurance.

I did not change any number details on my property lists so I am afraid I do not know what you are talking about.As far as the duplex for $155k, it has a proforma cash flow of $380 per month which includes expenses of ONLY: mortahhe, taxes, insurance, & management.

Although the lower priced ones have better numbers the property tax and insurance are nothing like in CA.all cash

BTW, are you including taxes and insurance in your figures?

Closing is normal, except it ends up being delayed because the bank can't get everything signed and returned to the title company on time.You can certainly ask that the bank pay for certain items at closing.Your offer will state who pays for what for things like the title insurance, appraisal, survey, etc.