P&I = 1832Insurance = 41Taxes = 416The neighborhood is actually new construction - and my neighbor just bought last year.

Watch the neighborhood sales market as well for timing.I read statistics that showed buyers have less interest in spending alot of money and/or time in the kitchen as they did in the past due to their busy lifestyles.

It is a big area with lots of neighborhoods like anywhere else.

I recently started advertising in via leaflet distribution and advertisement in local news papers to distress properties sale and hoping to buy few properties in London using no or minimum o four own money.

He suggests targetted ads, in newspapers, print and online, and a few internet sites, including Craig'sList.The book gives clear, step by step directions.

I have found that when they (homeowner) find out about the possibility of a sign letting everyone in the neighborhood know what is going on, they see another point for doing a short sale.

You mentioned in the neighborhood of 20%.

The house has a mortgage of 50,000 (3 bed room , 1 and a half bathroom)Houses in that neighborhood are worth about 75,000 The house has about a ballpark of 20k in repair.

Checking newspapers?

Also like I said earlier try to purchase in neighborhoods that still have some type of value.