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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Oblomov who wrote (38771)	8/22/2005 10:17:19 AM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

Very interesting dynamics there. Is that the same for homestead and investment property? If they don't pay you get the property in a year so you do have a shot of some falling through the crack. In the bubble markets the competition to buy the liens or get the deed has become so cut throat it is a total a joke these days. Over there you might be able to buy the lien at a reasonable percentage of value to make it safe and have even a 1 in 20 chance of getting the deed. Vacant land, empty houses and out of state owners have a much higher chance of not paying. Best of luck.