If it seems like it could be a match, set an appointment to meet in person.

I prefer the safer course of having some buyers and their parameters, and then going in search of sellers with matching dealpoint potential.

Seems like an odd match to me...

We painted the cabinets, filled tons of chips, changed the doors by custom ordering them for the customer in their choice of design by a company we have an account with that has them made in Mexico for about 30% american cost, painted sink, also the appliances in professional grade metalic stainless paint, painted floor tile in a high solids porcelain urethane white after an aerospace use type primer and a high solids chemically hardened chear coat, and matched the backsplash the same way.

I recommend that you get prequalified first then locate a property, this way you can match your buying profile to you property and not vice versa.

Here's my take:Purchase Price $105,000Closing Costs $2,100Payment: $677 (100%+closing costs, 6.5%, 30 yr)Rent: $1675Expenses: $838 (50%)NOI: $837Cash flow: $160 Expenses: $670 (40%, self managed)NOI: $1005Cash flow: $328Realistic payment: $531 (80% of purchase price, same terms)Expenses: $670 (self managed)NOI: $1005Cash flow: $474Cash invested: $23,100 (20% plus closing costs)Cash-on-cash return: 25%Adjust the math to match with the terms and cash that applies for you.Jon

The problem with loans sold on into MBS is there are restrictions or confusion as to what can be restructured.Some borrowers can honestly afford to pay some of all of the debt if the terms are changed to better match what they can pay vs. what the ARM might require after a reset.People should be responsible for what they borrow.

Insurance companies and others who buy bonds are the people who are interested in long term income.When interest rates spiked in the 1970s a number of banks ended up closing as they could not get the income to match the expenses.

They are being paid to match a buyer and seller.

To show you how offbeat I got I even tried sending them a box of matches labeled "foreclosure stoppage kit" warning: use of this kit could put you in jail, call me instead at xxx-xxxx for other options.