And you are right, there are many areas in Oregon… You just have to find one that works for you...Pendleton comes to mind… I also used to be a loan officer for 10 years...

It just gives me a piece of mind. I

The scenario that is in my mind is similar to this.

VicYour reply sort of confirmed what I was thinking in the back of my mind. I

But most of the time I only buy the once where the money is used for interbank lending rather than betting on movements of a certain underlying (FX, or stocks or index)Bear in mind I am based in China!

The most important thing on the seller's mind is likely a potential deficiency judgement and/or the tax liability of the short sale.

Keep in mind, I am unfamiliar with this market.1.

OK never mind I just spoke to someone and this is temporarily off the market due to electrical problems in the house (I guess my intuition was right?).

Assuming I have MLS access for the subject property:To get an idea of ballpark value (within 5%) to determine whether or not the property warrants further consideration: About 90 seconds.To be very confident of my value (within 2%): About 7-8 minutes.Bear in mind, I only know two counties and only very specific pockets of those two counties.

I even talked to the PM about what was reasonable, and I'm within that range.So in my mind, I can go down in price and that's what it seems I will have to do.