Clearly define payment terms for title insurance, pest inspection, recording fees, transfer fees, survey points, bank attorney fees, title search, closing fees, broker’s commission and similar expenses.The rule on the market appears to be offering 80 percent of the listing price.

I heard a figure today from CoreLogic, a very reputable market analysis company, that 23% percent of all US mortgages are underwater.

Here’s a comparison between Case-Shiller housing index and Moody’s Commercial Property Price Index for nationwide data, including the percent down from it’s peak: http://www.biggerpockets.com/user_photos/0006/6661/Case_Shiller_and_Moodys_CPPI.jpg As it did in the early 90’s, housing prices foretold the recent collapse in commercial real estate values.

o The homeowner is delinquent on the mortgage, or default is imminent o The loan was made before Jan. 1 this year and is less than $729,750 o The borrowers’ total monthly mortgage payment exceeds 31 percent of their pre-tax income * What o Deadlines o Standardized Paperwork o $1000 to lenders o $1500 to sellers for moving costs o Up to $3k for subordinate lienholders o No foreclosure can occur during the short sale agreement period o Mortgage servicers may not lower real estate agent commissions * When o April 2010Terrence, I think you are right.

My thought is that a subject 2 or lease option or even option to buy may be better than ss with hard money because existing loan at 6 percent is assumable.

I would love to get control of millions of dollars worth of assets with one of those handy, dandy loss sharing agreements at 80/20 with 80 percent of the loss being the houses loss.

type=marketsNews"Purchase applications are now almost 40 percent below their level four weeks ago, while the refinance share, at 74 percent, is at its highest level since December," "....decline of 4.1 percent in purchase loan requests to the lowest level since April 1997"I have 4 homes for sale right now, and have experienced this dramatic slowdown in interest.

Typically what percent of closing costs are you willing to pay if they use your lender?

I hate short sales and think 90 percent of them in Texas are a waste of time.

It's a relic of the industrial age socialism that trains people to be lifetime workers and debtors which is de facto slavery.