Can someone link to soemthing showing mthly/qtrly trends (by market) in the subcomponents of the "overhang" (loans 90 days past due, NOD/pre-foreclosure stage, REO, maybe even loan mods/workouts if that's available).

Had you hired the work out, your rehab would be a ton more.

Ill work out all the legal issues and be careful not to accuse anyone but it will be more or less known whats happening. the most prevalent crime here is prostitution..so ive got some good ideas on how to keep the customers away and make it a little humorous for the residents at the same time.

Ill also ask for the information for the other bidder that wanted the property to live in and see if I can work out a lease option with her for this place if my end buyer wanted to sell down the line but this is more of a buy and rent type of property.

Your accountant could work out the percentages to be acceptable to the IRS.

When I couldn't find any good discussions on here about it, I figured it wasn't very promising.Albert, could you keep us posted on how those work out, and maybe follow up with some details, rates, costs, etc.

The second one may not always work out, if you have a good deal....really a good deal then it follows that a lender would approve it.

Sure enough after a few offers that didn't work out one of the OO buyers cancelled, and FNMA offered the deal to me.

I figure if we keep talking to people, reading, and networking it will all work out in the end.

Couple gets married, it doesn't work out.