If we want cheap money I guess that is the game we have to play.

Price pressure eventually spreads to the cheaper neighborhood, and the price gap closes to 0%-20%.I've seen this general scenario play out many times over the last 30 years in Denver.Once you own several homes in the cheap neighborhood, you can even try to help "tip" the neighborhood toward gentrification by improving or redeveloping your properties.New light rail lines tend to help a neighborhood's values.

Seth Halstead I think you were really playing with fire by just e-mailing and then taking action based on lack of response to your e-mails.

Creative is the name of the game, especially these days!

Since probate deals have been my game for twenty+ years, I'm accustom to hearing this question.

When I typed your initial and last name, I was given some threads where you posted, and from there the point Joshua Dorkin mentioned comes into play; beneath the user's avatar icon there is a link showing a number and the word "posts" - if you click that you see all the threads where that user participated.

If my ultimate buyer's goal is to own a salon with units (arghh) then thel opportunity could be to buy at big discount, stop the contractor bleeding, re-sell the property subject to the existing first and wrap it with a second after getting either a big down payment or other major skin-in-the-game consideration from the ultimate buyer.

Maybe the reason the park is not selling is there is bad financing in that area- so they 'solve' you financing issue by doing a owner carry...my point is- you have zero idea of what your next step is until you 'have a ball in play'.

Depreciation comes into play, too.

They had been foreclosed on in another town in 2003, so they know how to play the foreclosure game apparently.So even though a notice of foreclosure hasn't yet been filed, it could be that they are going to do a "rent and bail" rather than the "buy and bail" that others have done.