Thanks for the quick response Richard,I've actually been renting the place out for a couple years now and take full advantage off all my write-offs on my income tax.I just recently got a letter from the city that was titled "Notice of Possible Violation"...It's a notification that they are proposing a supplement to the city Rental Housing Provisions.

I cant speak for your location or your agent, but I can at a moments notice pull the statistics on what the list vs. sale prices are.

They insisted that Freddie and Fannie buy mortgages that didn't have proper underwriting, thereby lowering the underwriting standards.

Since the Dubai freehold property law was introduced sometimes 5 years ago the nature of the market has changed noticeably, with the first time speculators now giving way to more owner, thus resulted in inflationary house rental pressures.

At this point, you should know you have a good deal, unless there's something wrong you didn't notice.

You'll probably notice when reading other posts that some things will work for one person and not for another.

I have a bank-owned listing with a notice of substandard property lien on title put on by the city because of outstanding building permits expired without being finalized.

That includes businesses that bought those silly mortgage derivatives; Wall Street firms that were leveraged 30 to 1; Freddie and Fannie; hedge funds; the auto industry and airline industry; AND homeowners who acted foolishly.

In my state, foreclosure notice to sale is 21,,,,,,DAYS total.

New to RE Investing and have been keeping up on the latest financial situation(s) regarding Fannie and Freddie.