The fact the PMI company (that's a separate company from your lender) refuses to write the PMI policy means they think the risk of having to pay out (i.e., the risk of you getting foreclosed on) is too high.Trouble is, getting a price reduction isn't going to change this situation.

I don't believe lenders are forced to mark the price of a non-performing loan to zero.

Like many have said, I believe that it is possible to achieve 1B in net worth, but it would be necessary to sacrifice a lot and you may have to start from zero more than once.For me, I want to know that I will have a good income to live on the rest of my life.

Until last month, the clock had enough digits to measure US debt levels.The US government's debts have ballooned so badly the National Debt Clock in New York has run out of digits to record...

You simply must do a full analysis, there is no easy way out.But if you're like me and you know that you only want to invest in certain types of properties using only certain types of strategies in terms of financing, then you can probably zero in on the type of cap rate that you know you need to get, relative to the loan rate and use that as a rough guide for quickly evaluating new properties as they come to you.

Vacant house policies do exist, but are quite expensive.

$250K is not only the gross (we killed a gross receipts tax attempt here in IL), but even as net it could be equal to zero or less than zero.After struggling for five, ten, or even fifteen years in business-- perhaps the first several years losing money, and taking on debt and enormous risks, it's not uncommon for a business owner to eek out a $30K, $40K, or $60K a year living for years before one year magically getting a single contract that propels them into Obama's mystical $250K bracket.The average for a decade or two may still come out to a mere $30K - $40K but all of the sudden after years of sacrifice, delayed gratification, and self-deprivation a person would quite literally be penalized by the Obama class warfare.The reason is simple- Obama hasn't even held a legitimate job, let alone run a business.

There are times when I walk in the main door, then walk right out because the property has zero appeal to me since it does not conform to the two preferences I have.Because she wants me to make offers that are ~95% of asking price, I haven't made a single offer yet.

Also, the Federal Reserve must work within the framework of the overall objectives of economic and financial policy established by the government.

•The loan failure rate is nearly zero.