This kind of leverage is not for the faint of heart, but if you're in it to win it, you have to play big.

Did you catch him in the act, or simply figure it out later?

My local Realtors must win over 80% of all the listings in my neighborhood just because they keep in touch and engage with the residents.

You can sue and you will usually win, but collecting is an entirely different matter!

Look for a local multi-family auction, go to it, and see who is bidding, regardless of who wins the bid, make yourself know to the bidders, and ask them how they got started, and tell them you would like to get started and looking for help, offer to bird dog for them and / or bring them into a couple of your first deals.

We look for the foreclosure for the great deal, but unless we can do some good then really we are simply part of the problem.We are starting to do deals in Australia that have been around since Adam was a boy and they don't involve bank finance but offer a means of structuring a sale and a purchase to give the seller what they desperately need, while at the same time giving a buyer what they need and can't get - a house!

Bank underwriters simply "accepted" this phenomena as gospel.

I was simply trying to give an example and compare my actual numbers to this rule of thumb.

You have to make it win-win.

It does, however, mean that a lot were when refi's and sales were at such a high volume that the lenders were not even looking at the appraisal for the most part.Getting back to the role of the lender -- all lenders are subjecting appraisals to close scrutiny, first applying certain measurements to the basic facts, and then sending it to appraisal review when it does not meet the standards of these new guidelines (and they do not meet them A LOT right now.)It doesn't matter what the realtor feels it is worth or sometimes even what the buyer is willing to pay, unless they have deep pockets to put down a larger down payment to make up the difference they cannot finance -- the lender will have tremendous influence over the value simply because they control the purse strings.