They take the lion's share of the profit from the ignorant deal-finders.

Just ignore these threats and move forward.With a foreclosure auction less than 2 months way, its time to just start the short sale process now with Pennymac.

Even more interesting/amusing is that one poster comes from the perspective of being a helpful collaborator trying to provide guidance while the other is angry and offended at the ignorance being bandied about.

I think most new investors ignore carrying costs and don't plan for vacant home insurance which keeps going up.

Making an emotional purchase decision on an investment property and ignoring the numbers. 

So, as you see you should never purchase just because ( some ignorant/ guru) said you should follow this 1% rule. 

Still have received nothing and they do not respond anymore -- I am filing with BBB as there was only one complaint on there, Rick the COO for ops team responded then, but now ignores everything.

Most of these companies are fraudulent (not saying they are) and take advantage of those in distressIf you are behind on your mortgage speak to your mortgage company - we buy defaulted debt and nothing good comes out of ignoring or avoiding the conversation.

If you were coming to me for a loan an said it was for affordable housing I would ignore you. 

(that CA so ignorantly enforces)...Not sure if any of that makes since...it's was just a thought...what are yours