I am looking at a property that has a lien from the State Of Utah dept of Recovery Services on it.

I got some great quotes (an awesome photo as well), and two other BP members, Charles Perkins and Joshua Marks were able to share some fantastic tips and insight from a Tax and Legal perspective.Repeat home buyers fuel housing recovery - CBS NewsThis CBS News Marketwatch article takes an in-depth look at the recently released Joint BiggerPockets.com / Memphis Invest National Survey of Residential Real Estate InvestorsFinancing Handcuffs Real Estate Investors - The Niche ReportYet another industry publication that explores the data presented in the BiggerPockets.com / Memphis Invest study.Check out the articles above and all the other great recent press we've gotten and please do share these.

I have been told by some bank presidents that what they do with their loans depends on whether they originated it in house or bought it with a loss share agreement with the FDIC.With the FDIC they are guaranteed so many cents on the dollar on the loan and they have told me that the FDIC doesn't require them to do anything with the loan until 2014.So investors offering to buy at market for 50% on the dollar from original balance are being rejected as the FDIC is guaranteeing the bank 80 cents from original balance.Many banks are in a "wait and see" approach and are hoping for some recovery of pricing assets but knows a full recovery on the balance sheet is not possible from original loan balances funded during the boom.So each banks situation is different and you have to take advantage in the time period of being vulnerable.I have learned this on my deals with clients and myself.Once you get an approval on a low price with a specific asset manager or board member you have to close it fast.

With great rewards come great risks and at time even though these risks are calculated we tend to get blindsided by the "X" factor so I would like to hear from those who "failed" at real estate and if possible, share ...

"Ultimately, real relief for the mortgage market requires stabilization, and then recovery, in the nation's housing sector," Bernanke said.

gozone was a temporary act written in 2005 to aide the recovery from Katrina in tx,la,ms,ala and fl.

But these prices appear destined to rise steeply with the economic recovery, so the opportunity will not last for too long.hmmmm, let's revisit this a year (or even two) from now ... the glut of condos on the market coupled with a very slow recovering economy should provide ample condo 'opportunties' for awhile, imo.

On virtually every other level it appears that a housing recovery is still months if not years away.

Wow, you really think a Bowler or a pool player is an athlete?

I believe that we are a LONG way from seeing recovery in the real estate market.