So many young professionals with either internships or new careers that are desperate for a place to live that is affordable.

I am desperate for housing please help me so that I can get it.Thank you again inadvance.

On the positive, the sellers are not yet desperate.  

When I was new to the biz I paid this company a few thousand dollars up front because I was desperate and wanted to do this one deal so badly. 

$If title remains in seller's name and they  file bankruptcy (which often happens as they were desperate to sell/underwater/or near insolvent as the reason to do this).

If you want to be that involved, go find one of those hungry discount managers desperate for the work.

The irresponsible utilization of the sub to method of transferring real estate being promoted by a well known guru ( with past legal troubles) to naive, inexperienced, and under capitalized “investors” will  lead to restrictive legislation negatively affecting the ability of responsible investors, desperate homeowners, and home buyers unable to qualify under high interest rates from doing a successful sub to transaction.  

These allrequire applicants to submit an acceptable Letter of Explanation addressing each specific issue and occurrence.Rental HistoryBecause a current landlord may say anything to get rid of a bad tenant out of desperation, we also requireinformation for the previous landlord of all applicants.

If the homeowner is desperate enough to sign away his rights, you get $400.At best, you should be paid an hourly wage, plus expenses.  

@Sam Parr the major impact that we were seeing was a huge drop in new listings, and many properties were being withdrawn from the MLS because sellers didn't want to seem desperate to sell in a time like that.However, this is rapidly changing and we're already seeing a strong return to the previous market as everybody who was waiting to sell or buy is flooding back into the market.