With the collapse in oil prices combined with a rocky ag economy in the area I expect to see some more attractive deals in our market over the next year or two.

but on a projection basis, and leverage working FOR you and not against you (market collapse), by definition leverage wins and is more profitable even though there's a cost for the leverage.  

We can usually close within 72 hours of title clearance.The subject loan is to be backed by a first mortgage, and is contingent on the following:The property does not undergo any changes resulting from fire, vandalism, collapse, other serious damage, liens, pending lawsuits, government restrictions, or acts of God.

I also have a healthy credit that I maintain in the worst case where insurance and reserves are not enough to pay for an expense.My reserves are held in liquid investments that still earn better than 3 percent.I also do not invest in areas that I might be concerned with the rental market totally collapsing.

They can run a fiber optic camera all the way to the city main to see if there are roots, or the line is collapsing.

Study past financial collapses around the world to learn how to turn lemons to lemonade :)

They said I may be able to find a way to use paying that as a way to claim the bottom but would need a lawyer.This all started because HUD had the apartment below me, who then transferred it to WAMU, who we know collapsed and so did their servicing people.

I know the city has been under distress with the collapse of the auto sector, but didn't realize how much it has affected prices.  

After time, the original plaster gave up, fell out of the lath & collected on the drywall, causing it to bow between the furring strips & in some places, pull out the nails & collapse the drywall sheets.  

All I can say is that you are gutting a house where risks for fire, collapse, plumbing leak or other issues associated with construction are high.