In other words, evidenced by the UPB it doesn't seem like any prepayment occur.

While we've often thought about that number, it never occurred to us that we could use that metric to help find great agents and validate their knowledge of the market.

In the market over the years since 2008 where investors have become an increasing percentage of the buying pool, the limitation of the number of renters has depressed the condo prices in the developments have restricted renters.Another phenomenon that has occurred is that condos have raised fees to build their reserve funds.The combination of renter limitations and increased condo fees have also suppressed sale prices in those developments.All is not lost as there are other sources of financing than FHA.

As you said, this is a situation that seems to rarely occur.

Your friends ought to be good examples of what you want to occur in your life for if you're green, you grow and you're ripe, you'll rot.

I'm hoping that I can get a bit of feedback and comments as to any possible issues may occur with this deal I'm putting together with a wholesaler.The wholesaler has a property in East Point(Atlanta), GA, for $55,000 that needs about $25k in rehab.

Monthly condo fee is $300 which basically pays for water/sewer/trash, landscape, common electric (washer dryer exterior lighting) and the major expense is insurance.One of the units had a diseased owner - death occurred overseas actually, and it has been two years, was in probate, then a short sale, with two lenders, basically it's been "PENDING" for a long time.Meanwhile, no one has been paying the condo fee for this unit for over two years.Since there are only 4 units to this building, missing 25% is a lot and so we had a few special assessments to make up the difference.I was told the back money owed can't be collected in full, the most they will get from the bank is about $1000 at closing.

Preparation for the real world is a must.In college more learning occurs outside the classroom door.

Nobody is harmed by an offer to purchase.

I see no harm in asking!