You can't learn to swim by watching a video or reading a book, you've got to jump in, splash around, swallow some water and sink to the bottom a couple times before you figure it out.When I take a lump in life that costs me time or money, I tell myself I just paid for some education that you can't get from a college course or a guru, because I know I won't be repeating that mistake again.

Not that I want to get anymore licenses, my CA broker license is enough governmental regulation for me to swallow as it is ... and I don't have any agents.

@Aaron JunckBanks are okay with #3 and #4 because they have no choice, it's an exception in the Garn Act, they have to swallow it.#5 is not in the Garn Act.

Any advice for the smaller investor who's not yet a cash buyer to get into this local market and not get swallowed up by it?

It's hard to swallow an unfair situation, but in this case, I think you probably want to win.

It was a short sale with code enforcement issues with the city that took a lot of hours to resolve over the last few months and a lot of negotiations with the first and second lien holder to get it down to the current price (I guess a contract at 4.7% of the unpaid balance isn't the easiest thing to get them to swallow) so it wasn't just an easy just an easy purchase.

That is a cost the Lender may have to swallow, perhaps by loss of revenue, for not delivering the loan to you during the rate lock.

Bill Gulley I always look forward to your advice, even though it isusually a tough pill to swallow for newbies as sometimes it shoots us down.

If the termination fee is also several hundred dollars too then I can swallow that if I have to.

Any desirable property, especially in a good school district, gets swallowed up very quickly.