Requests must include documentation that the following conditions are present: 1) The property is located within an area which is subject to a community sponsored program of concentrated redevelopment or revitalization (See 24 CFR Part 220). 2) The market value loan limitation prevents the use of the program to accomplish rehabilitation in the subject area. 3) The interests of the borrower and the Secretary of HUD are adequately protected.

Once I make that happen, I can concentrate on everything else!

I think you would have a better chance of purchasing below market if you concentrated on regular sellers since there is some desperation or emotion involved.

Whenever you have a concentration of foreclosures and REO they are no longer the anomaly in the market, they are the driving force in the market.Lenders will look at comps too and they are not going to exclude 6 out of the 8 true comparable sales.

I am now attending Columbia Southern University which offers 100% online courses in Business w/various concentrations and they accept you MGIB..you can also apply for student loans through them.

More of the same only more chaotic in its execution.My suggestion is that the investors continue to create their own lending pools (since the banks are now out of the lending business and are going to concentrate on screwing up the resale market.)

I starting to concentrate on short sales.I appreciate any help or partnership on my short sale deals and split a profit if any expert can mentor me on short sales.I can see a lot of potential in this forum to build my confidence and knowledge in this business, so I can help more people every day.Thank you for all off you guys to being here.Dakujem ( means Thank you in Slovak).

Showed me the ropes got introduced to many influential people and now concentrate on REO's full time.

As long as you disclose that you are a licensed broker I don't see anything wrong with investing.But if it were me I would just put the license in escrow and just concentrate on investing seems like a pain in the neck situation having to make sure you are in compliance with RE laws in regards to brokering and personal deals.

Other investors can bid up properties just to make sure you don't come back...they can turn great deals into money losers just to insure their interest as the only ones who get the good deals at auctions.A redemption period gives the previous homeowner a chance to redeem the property after they have been foreclosed...there are typically redemption periods with IRS seizures...judicial foreclosures...and, as the new owner, you do not have posessory right during the redemption period...but this is where it gets a little complicated...the tax stuff is extremely complicated and confusing..most investors won't concentrate too much on it...which some might argue leaves it open for some money to be made if you have the right resources and know the ins/outs of all the rules and laws.