They also seem to be inundated with solicitations from investors.

You don't want to slide in under an existing offer.

The reality for wholesalers is that you analyze all solid deals you come across, put in under contract, and then look over your buyers list to fit it to the right investor.

Loss mitigation is inundated with tens of thousands of short sales, loan modifications, and forebearances requests.

If the whole neighborhood is inundated with foreclosures and preforeclosures then you need to do some research and find out why.The market may be flooded with the supply of these houses in this neighborhood but the demand may not be.

A very successful investor in my area told me he only uses comps for properties that sold in under 60 days on market.

Even then its a challenge to do in under six months and a challenge if you don't have excellent credit and enough income to carry the new loan without the rental income.So the simple fact you appear to be able to get this refi completed and get your money back out is a very significant accomplishment.

I am current on all payments even though my home is valued at $100K, I owe $200K, and my neighborhood is becoming inundated with thugs, Section-8's, and gang members.Is this P-PIP program a scam or is anyone getting any deals done?

Doing even that in under six months may be problematic.If you're willing to use the purchase price you can probably do it quicker.

The contractor usually needs a weeks notice before they can start on your.The fence can be repaired or replaced in under a week and again they would need at least 1 weeks notice before they can start.The point I am trying to get across is that the additional holding period could have been minimized and shouldn't be an issue now.