I completely believe there is great wealth out there to be had but only by those who have the ambition, drive, creativity, and endurance to obtain it.Opportunity exists in many areas.

I think you have some more pain to endure in SoCal, so I'd want to buy (plus fixup) at no more than 50-60% of the price you could sell for it if was fixed up.If you think you have a deal, don your flame proof suit :D and post the details (price, fixup, rent) in the Deal Analysis forum.

Here is a generic sample:[Name and Address of Bank]Loan#________To whom it may concern:I am writing this letter to share some of the hardships I/we have endured over the past year.As you know, my/our property located at [address] is currently facing foreclosure.

We bought the house for 400k cheaper then it's 2005 sale price (when it was new), and we actually paid a bit lower then the appraised value (so I have some built in losses I can endure from the next market downturn which I think is on the cups of happening).

The bank would then enjoy the equity when the market recovers and the owners wouldn't have to endure the financial trauma of getting foreclosed on and forced from their home.But the banks aren't interested in being landlords.

Being just a little south of my friend from the Capital City (gee I almost sound like a poitician there, lol) our weather is not at all what you have to endure in Maine and I have no idea why you do live so close to the Artic.

Hitting 7 figures in assets took determination, endurance and persistance.With a military background, I often told myself that this was war and I had a mission that it was actually a fight for the life I wanted or economic death.

I believe we are in a golden period of real estate investing for those willing to do their due diligence and have the patience and funds to endure the next few turbulent years.

I have found that even though some uncomfortable moments may have to be endured, telling the truth results in a much more relaxed and successful business environment.

That memory was worth the disrespect of all the teenagers I endured.