The Mortgage Debt Relief Act of 2007 covers the deficiency judgment for only primary residences, so unless your leads are okay with eating the difference between short sale and mortgage amount, I would not in good conscience recommend them to try and short sale a secondary residence unless the payments on the primary were suffering as well due to documentable hardship.

His take on it was that these developments (many of the ones in my area were built in 2005 and are in great condition)suffer the same problem as many condo developments-that with high rates of foreclosures in these developments their HOA's are suffering financially and therefore homeowners can probably look forward to assessments in the future so they aren't really a good fit for "buy and hold" investors.

One would think all of the older condos would suffer but consumer demand for all ages of condos held out.For Dogpatch median condo value for October was $1,135,000 and $940sf.

Lack of bodies (detroit has suffered publicly)?

No financial  gain must be shown, nor must a bank suffer a significant financial loss.People who have received notices of foreclosure are now covered under federal law as well when someone who is not an attorney or a HUD licensed credit counselor or working in a non-profit entity contacts that person and advises them on any matter related to the pending foreclosure, to include advising them of taking certain actions to avoid foreclosure.Doing trusts or LLCs or partnerships takes expertise in business entities as well as RE, these are hard things to sell most people into doing, there is no step by step function about it.

That said, we are thankful for the opportunity...we continue to learn from every experience, both positive and negative, and have used our experience with you to continue to improve and perfect our processes.all any buyer can ask for is in a rescission scenario to be made whole not profit for pain and suffering people watch too much TV.also you must understand in these asset class's and with 50 to 100 year old buildings they will never be perfect..

If you’re a high maintenance owner, unrealistic owner or owner that demands certain items outside of the system then your account is really just not worth keeping not only because the PM is now spending way more time dealing with you but because all other client Owners of the PM now suffer because the PM is allocating resources that they would not otherwise have to inside of their system by having to deal with ‘your way’ of doing things.

The only exception would be if I really really liked the area and I was willing to suffer with low cash flow just on something there.

I can freely admit that I am a chronic sufferer of paralysis by analysis and can get bogged down into over thinking, ESPECIALLY when it comes to major investments I'm going through for the first time (my first duplex took months).

I suffer from the syndrome myself and it is a constant battle.