If you have a long term horizon and buy right, I imagine you're putting yourself in a pretty good spot (long term).Jeff

I currently live in Irvine, CA -- But my boyfriend just told me that marriage is on the horizon soon. 

So here we are... more than a month and a half after my first post, almost THREE months since my first call with the seller, with another two months of escrow on the horizon.

Each step you take reveals a new horizon.

The demand for affordable places to live is obviously high and there does not seem to be any help on the horizon, especially near downtown.

I never introduced my self so here I am to say hi.Ive been going to sheriff sales in my area and finally bought a foreclosure and now I am trying to broaden my horizons Maybe with hud. homes or REO but Im still learning with all the great posts on here .

Adam Demchik, I believe FHA requires re-certification every 2 years now, so it's a real issue, and nobody talked about or disclosed the clubhouse work when I purchased a year ago, even though I asked if there were any large repairs or projects on the horizon, so I'm learning that a condo is only as good as its board, as they make a few stupid decisions and the whole complex suffers.

The point is, all those shadow homes have/had occupants at one time and notwithstanding several mass-grave discoveries on the horizon, all those people are still around.

What is your HOLD time horizon?

You can model the precise results using The Mortgage Professor's tool here:Refinancing One FRM Into Another FRMThe decision depends a lot on your time horizon, but you will likely benefit in about a year.