However, we have just found out that an owner occ has put in an offer at $120K so we will see how this plays out.

OK, I'm saving a slot for that day if everybody agree.

Your play-by-play of the day reminds me of the cowboy poets.

My apologies if I'm showing my greenery here, but I'd really appreciate your input on exactly how the numbers play out and why, ultimately, this may be a negative deal.Thanks for taking the time to read!

However, if the seller is not willing to play ball, look VERY carefully at payment history.

The requirements for that are a lot more varied and the deal itself comes into play. 

OTOH, if they do have significant assets, this may come into play and make cause taxes to be generated for the heirs when they do die.The point is there are significant tax disadvantages to what they have done and they affect you (for sure) and them (possibly.)With that behind us, what's going on in the area?  

Overtime your rankings will increase with time if you play by Google rules.  

I have great credit thanks to the myfico forums and a total credit limit of $14,000 I have no debt and just pay my cell phone bill and the Verizon triple play package bill for my household which totals about $200 a month.

Risk tolerance & lifestyle will define the playing fieldHow close to the edge can you and the family tolerate?