I guess it is the old "location, location, location" principle!

My concern is for the poor fools that don't know because you haven't told.Whatever it takes to get money; I guess.

I'm not too thrilled about managing the property remotely either.I guess there is significant upside potential if the market continues to appreciate in Tacoma, but I know you cannot count on that.

I guess it really depends on your individual situation.

I guess they do this to keep the interest rates down??

I guess it has the effect of making them useless, but they look even worse!

Watching these shows on TV about fix and flip i'm guessing the filiming took place in bull markets, not bear markets.

I guess the ex-wife handled all of the financial affairs.

Ok so I'm looking for a property for myself to live in.....I currently have one that I bought at 60% of market, so I've got some equity in it......Plan to sell it as soon as i find another place to live.I'm real new to REO's, and was just looking on yahoo and found an REO that just came up in the area I'm looking to move to.Now I did some research, found some info on realtytrac, and the other through my local tax records......says it was sold to Groff Real Estate Investments on 7/30/07 for aroudn 200k.....it just became listed on realtytrac from what i saw (just signed up for the free trial to get the parcel ID)Guessing its too late for me now to do anything?

I'm less in touch with other peninsula towns and I'm really out of touch with the San Jose and San Francisco areas.I guess what all that says is that since I'm not active in my area, I only know my very immediate market by osmosis and have a small idea of some other local communities via the news.