Heirs rarely bother with a RM short sale, since there is no equity, and no liability to the heirs (no possible deficiency).

Preservation of capital, especially when it is not yours, is an important job.If you want to do rehab flips, then you must learn your market (know past and current inventory levels), know what is selling and what is not, who s buying and who is not, why that is, and then you need to learn about construction management, rehab costs, and finally, how to evaluate exit values (ARV).Once you are armed with these skills, and only after that, then you hunt for the deal, negotiate it, and take it down.

You will be able to network with people that have more experience and also you will be able to learn your market area.By the way, thank you for your time in the armed services.

Thank youDemographic and Housing Market Data for Camas, WA:Census DataCamasClark CountyWashingtonPopulation 18,334345,195 5,790,538Area in square miles42732 62,976People per sq. mi.439472 92Median Age3534 37Median Family Income$67,871$53,108 $44,655Civilians47%47%47%Armed Forces0%0% 1%Not in Labor Force23%24% 26%Education LevelsCamasClark CountyWashingtonK-12 21%25% 25%High School Diploma16%17% 16%College Graduate11%9% 12%Post Graduate6%4% 5%Real Estate Market Data CamasClark CountyWashingtonTotal Housing Units4,62072,081 1,133,691Average Home Price$265,194$203,225 $227,377Median Rental Price$589$618 $467Owner Occupied77%64% 60%Rental Units18%31% 33%Vacant Units5%5% 7%HomeGain Agents73Demographic and Housing Market Data for Gresham, OR:Census DataGreshamMultnomah CountyOregonPopulation 66,79595,870 2,426,091Area in square miles34212 93,042People per sq. mi.1,981452 26Median Age3433 40Median Family Income$56,263$55,067 $41,205Civilians 50%51% 46%Armed Forces0%0% 0%Not in Labor Force23%22% 28%Education LevelsGreshamMultnomah CountyOregonK-12 25%25% 28%High School Diploma17%17% 18%College Graduate9%9% 10%Post Graduate3%3% 4%Real Estate Market Data GreshamMultnomah CountyOregonTotal Housing Units13,27318,781 446,281Average Home Price$207,912$206,350 $190,774Median Rental Price$625$625 $444Owner Occupied57%61% 61%Rental Units38%34% 30%Vacant Units5%5% 9%HomeGain Agents89[/img]

Initially, I had one of those arm and leg, interest rate credit rebuilder Master cards, with a limit of 200 and includes a $50.00 annual fee.

My biggest fear is that a lot of people are going to get hurt as a result of the government sanctionedcreative financing known as the ARM.Some didn’t know what they were getting into with the ARM’s; all they saw was a lower mortgage payment with their CC debt consolidated.

I didn't know people were hurting like that there... alot of people are now hurting from the refi boom - with these ARM rates that are now adjusting and they can't get into a fix rate...so the foreclosure rate is going to get worse before they get better...

(try for ARM, or interest only)are you going to flip it in a month or so...

Likely you will need to list all deals even if you have an agreed sale already lined up (immediate sales pending status).A license means you are armed and dangerous so the courts hold you to a higher standard than an investor.

Hi Folks, 8) Rise in mortgage rates is continued, 30 year fixed - Rate mortgage increased by .03% and ended up at 6.32% on an average. 5/1 ARM increased by 0.06% and ended up at 6.14% so folks choose loans before further rise.