The 4 comparables I have found show that the houses arv is around 70k, and i'm still determined to do the deal.

Sellers state they are trending upwards.Buyers state they are trending downwards.Government states they are trending in whichever direction makes them look better.NAR states they are trending whichever way you want them to so long as you use an agent in their membership.I say, look at your past and present inventory levels in your area and compare the data.

As a newbie, I've finally obtained the funds to safely invest in my first buy & hold - So this month I've been doing nothing but debating over myself on two decisions - talk about feeling like a slacker compared to you veterans out there!

The sale price is $60k and the zestimate is $100k...comparables seem to be in the 80-90k range.

Additional expense is that MFH is in flood plain, so I need to spend $375/year for flood insurance.THIS WEEKINSURANCE - I purchased similar insurance coverage for $1700/year, compared to prior $2050 year.

Learn how to find comparable sales and compare these to places still on the market.

Your area is apples to oranges when compared to places like Florida and Arizona.

But in this case I think I'd compare these programs to what comes out of the back end of a bull rather than chocolate chip cookies.Sorry, but I am very negative on these programs.

You need to see what comparable properties are actually selling for in the last 6 months.

The bank said this morning they are still deciding on what to do (which means they will probably take the short sale, compared to foreclosure)But how can I get out of the mortgage deficiency?