`(b) Purpose- The purpose of the HOPE for Homeowners Program is--`(1) to create an FHA program, participation in which is voluntary on the part of homeowners and existing loan holders to insure refinanced loans for distressed borrowers to support long-term, sustainable homeownership;`(2) to allow homeowners to avoid foreclosure by reducing the principle balance outstanding, and interest rate charged, on their mortgages;`(3) to help stabilize and provide confidence in mortgage markets by bringing transparency to the value of assets based on mortgage assets;`(4) to target mortgage assistance under this section to homeowners for their principal residence;`(5) to enhance the administrative capacity of the FHA to carry out its expanded role under the HOPE for Homeowners Program;`(6) to ensure the HOPE for Homeowners Program remains in effect only for as long as is necessary to provide stability to the housing market; and`(7) to provide servicers of delinquent mortgages with additional methods and approaches to avoid foreclosure.

Attend RE investment clubs and talk with investors who are actively participating in the fields of your interests.

MikeOH, normally I would absolutely agree with you on this point, however, under the circumstances of being the Proud New Owner, and given that the tenant only actually owes a couple days rent to New Owner, rather than dragging this out through the whole process, I would make a one time offer and cut my losses.

I will tell you I am immensely proud of the life he lived and the legacy he left to my father who, is himself a highly successful investor, and myself who will one day be as successful as my father.

Otherwise you'll be the proud owner of a bad deal.Don't compete with the government for that distinction.

Wow, it's strange how I'm actually participating in a forum instead of just lurking.

Mark, thank you for participating in my site.

Be proud of yourself for staying on top of your credit, educating yourself about it and being responsible with your credit going forward.

I completed my first deal last month and have a few more offers put on the table, so I'm pretty proud of myself.

He does have to participate for 3-5 years in this negative portion.