Good day,I came across a property in Orange, NJ and it's currently 3 months in arrears and the owner has only had it for about 5 months.

It takes a fair bit of leg work to narrow 2000 down to 20.

I, on the other hand, broke my leg on the first day of a new job; needles to say that by the end of the sixth month, our neighbors fed our children and the only food we could actually afford was ramen and spaghetti with nothing in it, even butter or ketchup).

My wife and I are looking to get back to California, preferrably the Orange county area.

I am a real estate consultant specializing in clients who are looking for investment opportunities in Orange and San Diego county.

He does not have a leg to stand on.

If this makes it to a Massachusetts Housing Court, do I have a leg to stand on?

"I'll show you my leg if you show me your leg."

You can break a leg trying to learn how to do this with a real deal.

I'd say the banker is pulling your leg a bit, as the secondary market is practically a limited risk with quality originations, there aren't any specific program changes dictated by Dodd Frank but there are other things going on that make things tighter for lenders in compliance, underwriting, reserves and management.As to Fannie and Freddie, 95% LTV won't go away but underwriting may be tougher.