I'm not particularly sympathetic for the people who are too slick for their own good and wind up getting themselves in trouble as a result of their greed and desire to take "short-cuts".

So, there is zero risk of a bank run resulting the your friend's mortgage getting called.

This resulted in flat home values for a decade.I can't attached a study of how Japanese prices reacted from 1980 to 2005 or so because it is 1.45MB.

Can someone give me a lost mitigation company or person that has been getting positive results with short sales?

Thanks to the US Subprime Fallout and resulting economic decline, we're starting to see global markets collapse.

As a result, several homes are going through some degree of repair to address these defects.

I have used other " skip tracers " before them and had medium results if I was lucky.

Here's my take:Purchase Price $105,000Closing Costs $2,100Payment: $677 (100%+closing costs, 6.5%, 30 yr)Rent: $1675Expenses: $838 (50%)NOI: $837Cash flow: $160 Expenses: $670 (40%, self managed)NOI: $1005Cash flow: $328Realistic payment: $531 (80% of purchase price, same terms)Expenses: $670 (self managed)NOI: $1005Cash flow: $474Cash invested: $23,100 (20% plus closing costs)Cash-on-cash return: 25%Adjust the math to match with the terms and cash that applies for you.Jon

The net result is a very low return on investment.If I compare it to property I own in Dayt0n Ohio where I can be all in to a 3 bedroom one bath in a working class neighborhood for under 25,000 ( and in some cases 20K) The rental income is $625 monthly and the taxes and insurance average less than $125 an month this leaves 500 a month to cover property management , vacancy , and maintenance .

Downtown, Mid-Town, High Point Terrace, Cooper Young, Highland Heights, and other inner city areas enjoying above average appreciation7.)One of the lowest cost of living of all major cities (FORTUNE magazine)8.)Surrounding cities support continued manufacturing development with Memphis as the distribution hub9.)Recent Subprime crunch has resulted in a hungry Renter PoolAnd there are many, many more reason of why real estate investors should be investin in Memphis, TN If you would like to learn more please contact me at your leizure.