Politico is reporting the AP story:"President Bush has dropped his opposition to legislation that aims to calm the chaotic housing market despite his opposition to a $3.9 billion provision, the White House said this morning.

News broke early this morning that the FDIC took over 1st National Bank of Nevada and First Heritage Bank, closing 28 branches.

Good morning, I was hoping someone may have had some positive experience with trying to break a laundry room lease, I just purchased a 27 unit apt bldg in Austin, Tx.

Good Morning Michael,that will be my challenge.

(it's a tough task - so many posts to go through, ive been up reading since yesterday morning LOL!)

I heard that the deathtoll this morning (2 Sep) is at 8.

If I'm under the gun rehabbing a property, I spend pretty much dawn till dusk on site (and sometimes late into the early morning) as I've found that people who see a for rent sign in the yard and work being done to the property are my hottest tenant prospects.

Here's a great blog post that I thought everyone should check out:
http://www.themortgagereports.com/2008/09/theres-only-an.html

It analyzes the number of rate sheets issued per mo...

I had one person tell me this morning that this is going to "end REO investing as we know it".

I am not going to get stuck with the bill for a bunch of material I do not need, and a mechanics lien does not pay my crew on Monday morning!