I would think, considering how the market has declined, that this isn't an viable option to many people because they owe more than the market value.

Missed payments are on the rise not on the decline (and every mush mouth loan modification the lenders do which creates lower payments and negative amortization instead of real debt relief sets up another time bomb.Where does this lead?

Are any of you noticing a decline in tenants for your rental units?

Start out low, the bank is likely going to counter and you cannot go back down should the real estate market continue to silde.Also, my aggressive discount will work best in a declining market and where properties have high days on market.When submitting your short sale package, be sure to point out all the negatives, including photos, crime in the area, vandalism on nearby vacant properties, etc.

Book four is the brand new one Gary Keller just put out called "Shift" about working real estate in a shifting or declining market.

And in a declining market, its likely a property will be worth less a year or five from now than it is now.

That is why they have things like quality of collateral and revenue milestone clauses in their notes so they can call the note or replace you as the manager long before the borrower is seriously upside down in the deal due to declining values or company revenues.So, in short, unless there are some details you haven't shared the consensus is you are not likely to get the loan you are talking about.

In my opinion, I don't think we will see a declination in value like we recently experienced.

I decided not to do the training and use that money to educate myself through more books (that seemed way cheaper in price now :D) and more online resources.Day 3, we go face to face with the salespitch and gracefully decline.

The decline would snap a surge that sent the securities up 14 percent last year, according to Merrill Lynch & Co.’s U.S.