This is very similar to 1981 Economic Tax Recovery Act.

If you ever want to walk through the tax side or cost recovery strategies, happy to chat.

There's two advantages to shorting after bk - to make the house go away faster...and to ease the recovery time for a new home loan after the bk.

No the initial return goes to the recovery of the negative position.Now recognizing this and the actual cash flow.

Your instincts about capital redeployment are solid.If the property is a consistent underperformer, and you’re doubtful about the market’s recovery in the next 3–5 years, it might be wise to exit — even at a loss — if it gives you liquidity to invest in a stronger, more familiar market like Nashville or elsewhere in the U.S., where you can leverage financing and build equity.

Also the goal in a foreclosure is not to bring in the most money... the bank's recovery is limited to the amount owed.

I’m also a D1 student-athlete, balancing school, athletics, and an increasing passion for real estate.Right now, I’m at the very beginning of my journey.

They left the place a mess, but I didn't see much intentional abuse so recovery shouldn't be that expensive.

Sentencing is in August, let's hope it includes some housing in a federal project where three meals are provided (jail).Even with Charlie's best efforts, I doubt that there will be much if any recovery.   

Really have to be honest with yourself about your options and what price really would have to be move it & prospects for a recovery.