In short, I can't just cross my fingers and HOPE they won't call the notes due without some addional assurances because if they did, the consequences could be devastating.I've heard people say that the bank would be foolish to call in a performing loan, but I also think that in todays climate they are more concerned with maintaining solvency than maximizing profit.JMac

I was doing deals in az from Michigan with no issues, but I like the climate so I made the move.I put together an entire team too.

It is getting very difficult in this climate to do low to no money down deals.

The lending climate for condos appears to be tough unless the entire development has been placed on approval lists by Fannie/Freddie.

So it is just a return to a saner banking climate.

I've been involved with computers since a very early age.... that is nothing in today's climate, but in the 80's computers were a novelty.

Jayo,Mike is right, purchasing a buy and hold type investment in this real estate climate we all need some certainty.

In this current climate, I'd probably stick to commercial that's anchored by products people will always need - food, clothing, shelter, insurance and alcohol.

The economy may be in the tank at the moment, but our young people will continue going to school -- and I think the likelihood of even more trying to go to school will put even more pressure on the already stressed housing climate around colleges and universities.

If the contract is an assignable one, the bank most likely will not even negotiate with you.In todays climate banks are looking to deal directly with the buyers especially when it comes to short sales.I would figure out how to buy the short sale property first and then resell it.