this Black Swan is 10x or more bigger than theGlobal Financial Crisis because we owe $300Tin debt and unfunded liabilities and the onlyanswers so far are accelerating debt throughfree money like 0% taxes 0% loans QE printing, etc.last time around RE dropped 40-60% depending onthe area and on the West Coast the high-tech areaslike San Fran and Seattle had areas only dropping 30%as of today, Wall St. is down about 20% and could easilygo bear into 50% then junk bonds, fallen angels, layoffs,bankruptcies, bail outs, and millions without any paychecks,that's when RE foreclosures will be back and you'll see bargains :)the best easiest thing you can do everyday is Google "layoffs" "bankruptcy"and start studying different regions based on workers that won't be ableto pay their mortgage...then you know you've found a buyer's marketand you can pounce...in the mean time build credit, hoard cash :)

The surprising amount major institutions who will be facing bankruptcy in effect to this and drying up liquidity (some will say no one saw it coming or it’ll never happen, but I’ll just put this out here now as a fair warning) Prepare for it to get rocky people.

The screening software is so good it seems like it would take less time to qualify for a mortgage after a bankruptcy than to qualify for a rental after an eviction.  

I thought I would find about the other side when I went to a couple of Entreleadership Summits but that seems to be geared towards small business owners who are already making a living and want to improve or just socialize with like minded business owners.And I just recently listened to a podcast where Dave Ramsey explained how he worked his way out of bankruptcy -- he wholesaled real estate and worked as a realtor for commissions.

So, even though they will have the debt, they either won't care or they'll just file bankruptcy eventually. 

The owner had filed bankruptcy but they dismissed it so that the property could be sold and then they are going to reinstate it.Some of these charges were a surprise that popped up on the title search by the title company.

SOL would seem to be a non-issue here.That said, I agree that the best course of action right now would be to get a local attorney on board... foreclosure defense/bankruptcy type.

I have recently fired APM ThanksI just received a notice in the mail that APM filed Chapter 7 Bankruptcy. 

, and there isn't any looming threat that at any moment you'll find yourself beguiled by a guru and swept off into bankruptcy. 2) Critique the situation yourself - I say this because you're going to need to get used to self-reliance in this biz.

The interest rate on student loans is typically lower, but they also follow you forever, even through bankruptcy, so the sooner they are gone, the better.