Just to let you know if you are an investor,broker,agent,rescue company,whatever you are now REQUIRED by Federal LAW to follow these rules or face stiff fines and penalties.http://www.ftc.gov/os/fedreg/2010/december/r911003mars.pdfThis APPLIES to residential real estate and does NOT apply to commercial real estate.

links:http://homeequitytheft.blogspot.com/2010/11/ruling-that-sale-leaseback-was.htmlhttp://homeequitytheft-cases-articles.blogspot.com/2010/04/sale-leaseback-foreclosure-rescue-scams.html

In fact, it specifically says: "The National Response Team has been activated and Unified and Area Commands have been established near New Orleans to coordinate search and rescue operations and oil spill response efforts."

Rich - I received a call recently from a company in Las Vegas that claims to purchase sub 2 with properties with NEGATIVE EQUITY. Here's the link:
http://sshrp.com/sell-your-property

So a buyer would purchase the hou...

The numbers are not going to magically change, appreciation won't suddenly rescue you, oil won't be discovered in the back yard.

Also, as the economy recovery sputters, owners of struggling properties are realizing that they aren't going to get rescued anytime soon by an increase in value."

And if they overpay, the appraiser is always there to rescue them!

I took a stab at helping from my understanding of things from the experience I have gained from BP here by reading.Thanks for comming to my rescue with a clearer picture for Uwe.

Key Features of the New Housing Rescue Plan The government’s newest housing rescue effort, which was announced Friday, includes these key tenets:·As much as $14 billion of the Troubled Asset Relief Program (TARP) will be made available to pay for writing down second liens for loans whose borrowers refinance through the Federal Housing Administration.·Lenders that facilitate refinances through the FHA will be required to write down the principal of the first mortgage by at least 10 percent so the home owner has a loan-to-value ratio no higher than 97.75 percent.·Lenders of second liens will be offered incentives of 10 cents to 21 cents per dollar of principal they write down in connection with an FHA refinance.·Borrowers who lose their jobs can apply to have their mortgage payments reduced for three to six months while they search for a new job.·Borrowers with a payment still greater than 31 percent of income after they find a job will be considered for a permanent loan modification.·To encourage more short sales and “deed in lieu†of foreclosure transactions in which the lender settles the loan for less than is owed, the government will double assistance to borrowers to $3,000 and increase incentives to subordinate lien holders and investors to $6,000.

It's not a rescue mission, or a charitable endeavor- unless you have the means and you wish it to be.