Even better than subprimes offering 30/50 loans a few years back and saving some very lucky homeowners from 2/28 messes for about the same monthly payment.No surprise they no longer offer such a product of course.Just for nostalgia purposes...there was bank (right before the crisis hit) that started offering 620 FICO 100% no doc purchases.

After the last rate cut the price of oil hit the $100/ barrel mark.

I'm pretty sure HML is out of the question due to higher int rates and length of time needed.I know it's a bad time to be hitting up the banks for loans and that I'm looking at an uphill battle.

welcome valerie -i'm from the northern virginia area - have fun around the site!

Our company is Noramir Real Estate and we're looking for leads and investors in cincinnati, ohio and northern kentucky.

Rich,Not really sure how you came to the conclusion that there aren't any clubs nearby.In McHenry you have the Northern IL REA run by Gladys GortThere is also the Lake County Apt Owners Association.

According to the IREM standard, real estate taxes account for 10.5% of gross potential income in the northern New Jersey area.

But, I know we will come out of it again and in my guesstimation, it should be right about the time my girls hit college and that is what I am shooting for.Right now, in my neighborhood there is a house a guy bought for 70K and has listed for 129K.

You could learn how to manage properties, spend the next 5-10 years buying cashflowing property, retire before you hit 35 and never work a day in your life again.

Otherwise it will have to take the hit on negative equity.So I would think that we will be seeing a lot more flexibility of the mortgage holders in the near future to keep people in their homes.Are you guys seeing any of this happening yet?