Hi Ingrid,I don't think it has so much to do with them waiting to hear the latest bailout news as it does with them just being way, way behind.

I will give you a cashier’s check for your house prior to the sale and stop the foreclosure and keep it off your credit report.

http://money.cnn.com/2008/09/29/news/economy/bailout/index.htm?

Iam going through an arduous process with WAMU myself.My case:I have a Condo (primary residence)1st and 2nd mortgage with WAMUtotal owed: $680KI knew I would get into trouble because my business went flat a 5 months ago and my cash reserves are being extinguished.I downloaded the information from WAMU site and submitted a complete package with an offer from a neighbor that is interested in buying the property if price is OK.I submitted ALL documentation to WAMU with the offer, proof of funds (50% downpayment) and prequalification for buyer through Wells Fargo.Offer $375,000 - prices for 2003 as per tax records.Nothing has been sold recently (18 months frozen market).WAMU sent an appraiser on Sept 02 and by Sept 04 the appraiser confirmed that the report had been submitted to WAMU through the third party company that manages Appraisals requests (REM).I have the name, extension number and e-mail of my negotiator but it has been IMPOSSIBLE to talk with her or to get anything from her.Her last (only) e-mail on the 23rd said that she didn't have the apparisal report (I tried to get to her to try to resolve it, but nothing back).Now she is in vacations until the 14th.I had been on time for my payments until August.I haven't made my payments for September - cash reserve extinguished.When will this default start affecting my credit score?

Soon I expect even submitting a short sale package will require a check for the full amount to be held until the lender accepts the offer.This is great news for those with good sources of ready funds that don't require any kind of approval in order to use them.If the bailout is approved in the next couple of days and signed by the President as promised this week.

Most of the news people are reading today about our financial and housing mess is due to the improper use of equity.

The good news is... we still have the vote and a voice.

Honestly, is this just a personal observation or is this from a report/market indicator?

Since I didn't, you simply get rid of me and you're free to do as you wish with the property.My credit is highly unlikely to be negatively affected because you're not an institutional lender and you don't report to the credit bureaus.

I've read a few reports that people are slowly starting to head back because the demand for construction workers has dropped soo much.