I would appreciate your feedback once again on this deal to see if I should pursue it.

If a lender detects, suspects or decides to allege fraud even at some future date they can unwind these deals and come after everyone they choose to pursue.

Welcome and don't be afraid to step in and get your feet wet.

First, understand your goals and take the necessary steps to obtain that goal.

The Fed announced a plan to bail peole out if they are at risk of foreclosure:

http://news.yahoo.com/s/nm/20090127/ts_nm/us_usa_fed_foreclosure

Of course, if you were responsible and took out a loan that you could a...

"To be frank, since the TARP money came in, they are still selling off (properties at auction), but they kind of took a step back." . . .Real Estate Disposition LLC (REDC), which claims to be the nation's largest real estate auction company, held 300 ballroom auctions in 2008 and sold nearly 33,000 foreclosed homes for $3.4 billion -- a seven-fold increase in sales volume and nearly triple the proceeds the company generated in 2007.Company CEO Jeffrey Frieden said he expects to "smash that record" this year as banks and lenders continue to amass a huge inventory of foreclosed homes and are more motivated than ever to sell their inventory. . . .Some observers fear that if the massive amount of debt the government is taking on to stimulate a recovery, inflation -- and higher interest rates -- are inevitable consequences.

Set your goals and objectives and then pursue them.Welcom and good reading.

But lately, I am inclined to get my salesperson's license again, and pursue my goals as an investor/future broker more aggressively.

(Realtors) identify and take steps, through enforcement of this Code of Ethics and by assisting appropriate regulatory bodies, to eliminate practices which may damage the public...

If you do a short sale AND you get the bank to agree to not pursue a deficiency judgment.You can also get a 1099 for the forgiven debt.