My commercial loan officer is contacting the realtor right away I am not that great reading the Preliminary, but has anyone ever had this happen and do you think this will be an "easy" fix or is there a strong possibility we will lose the house?

A long time respected Southern California real estate market expert I saw talk a couple weeks ago said rents will drop, especially in apts and condos, as we're about to be flooded with the biggest supply of single family homes for rent over the next few years that we've ever seen.

this thread is the best i"ve ever seen . please keep the info coming ofr us newbies agaim i say thanks guys

Hands down best/easiest estimating program I've ever used.

Has anyone here ever closed an REO deal?

They supposedly wholesale a lot of deals in Detroit, Indianapolis, and Cleveland.Anyone ever hear of these folks, or dealt with them?

It's hard to picture prices on those houses ever dropping - classic California Craftsmans by the beach.

My motivation in running my rental property business is to:1) Make enough money to support my lifestyle2) Be semi-retired by only needing to work 3-4 days a week.3) Build up net worth for "retirement", in case I ever decide that I don't want to work any more (I doubt that will ever happen).This week is a good example of what I've worked so hard to build.

Now, more than ever though, we need to put America first.

You are essentially selling the contract without ever taking possession of the property.