Jon,I have assessed the situation you have mentioned and that will be a deciding factor in my decision.

I mentioned the banks always lose when they enter fixed contracts, so they want to balance their exposure immediately.FNMA & FHLMC were sponsored by the government to securitize mortgages and sell them on a secondary market - the purpose being to loosen/increase the cash flows available to banks for lending.

So, even if we see continued declines over the next 12 months, its a dollar cost averaging situation as far as I'm concerned.Not to mention, I'm seeing a slower pace of REOs coming on the market than a year ago.

Just take a look at the beaches....I think Sardinia is the reign of the most beautiful italian beaches.When you talk about Sardinia, you can't help mentioning “Costa Smeraldaâ€, the Emerald Coast, the pulsing heart of Sardinia with its Porto Cervo e Porto Rotondo.

I invest and develop land, but not "large tracts" as you mentioned.

I'm not sure if you've ever experienced calling up a motivated seller ,and them hanging up the phone in your ear as soon as you mention that you're an investor, but I have experienced that.

There's a new residence in Olbia, the resort is located in a place of significant environmental value bordering the 2 above mentioned protected marine areas of Tavolara and Molara, and La Maddalena, and is walking distance to a white sand beach.Ground floor units are equipped with both a garden and a sea front entrance.

In the offer I specified a price, a downpayment, mentioned that it was subject to financing and satisfactory condo documents.

Most of us are much too smart to fall fro the guru nonsense you have portrayed in your posts, not to mention your incredibly long posts that say absolutely nothing.You may have even sold your product to me if you had a better approach as I was curious about it, but it just took a little digging to find out the truth.Now that poor Harrison has had his thread topic hijacked, perhaps we can get back to it as I believe it started out great.

As mentioned earlier, real estate investment groups are a great place to find someone to intern for.