There are still great deals to be had out there, but I would suggest to look outside of the overheated markets (a quick scan of the top forum posts will give you an idea of which ones I’m referring to).What everyone has already stated, i.e. time value of money, not being able to time the market, etc. is all great advice, but I think coming to a conclusion on your risk appetite and your short/long term goals is key here.

If the property sells for more than that, which is rare for a 2nd mtg foreclosure, any excess proceeds/surplus go to any junior lien holders, then the owner.

I have been pointing this very same thing out in two other threads recently as the terms have been consistantly and improperly intermingled.Hard money lenders are licensed in the state(s) in which they lend providing them the legal ability to charge in excess of usury laws.

Taxes are typical for Florida... higher than some states but not excessive. 

She would be all pissy about it when she would call but when you were there to address the issue she acted like she had been perfectly cordial.The name neat-freak implies an excessive behavior. 

Figure out your risk appetite and then look in the mirror for the answer.

LOLWhile I think an excessive primary residence is not an 'asset', I believe one that is fairly comparable to what you'd pay in rent anyway is. 

You should shop several as they all have different appetites and offer different  rates and terms. 

What criteria are you seeing buyers having the most appetite for?

So what do I do with my excess cash?