Then just make sure the deal closes and runs smoothly at that point remember your name is on the line and when things go bad fingers point your way...

Hope you have destressed and things continue to run smoothly.

Albert, Since you're in Long Beach I would recommend buying in the transitional neighborhoods.

When in a more rural location or an area that is transitioning there will likely be some form of local disposal.

The transaction went smoothly.3.

A little motivation to those that are struggling, that's all.If you can, tell us what area the property is in,original list price,list price at sale,purchase price - negotiation details,seller concessions,days on market,property condition,any inspections,financing,smooth closing or not,agent(s) behavior,market conditions,etc.And if you've already listed or flipped the property, how did that work out for you?

For example, if some took out a loan at 8 percent for 15 years and then maybe a few years later can get that loan refinanced at 6 percent (which will extend the period of the loan, as it will start back to 15 years again) how does one determine where it is too late to feasibly make this transition considering that the one is getting a lower interest rate, but extending the period of the loan at the same time.

Aurelio,:welcome: to BP.A friend over in TX transitioned from being a welder to a RE investor.

Just understand that a borrower behind does not automatically translate into a smooth short sale process leading to a bargain.John CoreyOriginally posted by "sachin_emma":Hi this is the first time i am buying a house i like the house and before i could place a offer on house, i found out house is going through preforeclosure.House was listed at $159500.

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