I have done this in the past and it went through FHA, however, a few extra documents and signatures were required.

Your total out of pocket is $40K and under Fannie and Freddie’s current guidelines a investor must have a 680 credit score or higher and documented income with only 4 properties on their schedule of real estate.

That is sad news to hear Alina.

Here's the real estate news.

It is funny how you just do not get to keep ill begotten gains Please enjoy the Irony PS, they will not get a shot in the arm from retiree's http://www.bloomberg.com/apps/news?

Picture yourself in front of a judge defending why the tenant did not deserve her security deposit back.... and being told by the judge that it looked like we forged the documents... essentially calling my wife, Vicky, a liar.

http://www.washingtontimes.com/news/2009/jan/03/group-buys-failed-indymac-for-139-billion/

If you continue to watch the news and read the paper you only see the negative, but I can assure you that there are millionaires being made daily because of this economic situation that we are in right now.REMEMBER THIS YOU WILL NEVER KNOW UNTIL YOU TRY IT.

no news on this property, the realtor said he'd call me after xmas...i still want the property but wont go any higher than $300K...have i fallen in love w/ it?...

I worked much of the day on a couple of documents, and then all the word docs closed--lost that file, but others were recovered.