Many of the "experience" investors are not really into the topic being presented but rather are at the back of the room, off to the side, etc just networking, talking and telling "fish" stories.When it comes to knowing who is serious and not, Josh hits it right.

The was a federal act passed in DEC 2007 the lenders cannot hit you with a default judgement on your primary residence keep in mind the irs can and will tax you on the spread in a short sale and one morning you will wake up to a 1099 in your mail box if you dont get a good accountant

They got hit hard and fast.

You know what PNW you hit it right on the head with the tenants wanting to buy their own houses.

There are far too many homes still in process right now which have not hit the market yet, and many more which still have not even started down the path towards defaulting, which surely will.

From my properties and when I am looking at properties to buy it seems to me that once people hit the 3 year mark they tend to be a more permanent type tenant because they start accumulating so much stuff that it makes moving painful just to save $15 per month.

Harder hit the market, bigger the doscount.

Jason hit the nail on the head.

I think jbock must have hit the "new topic" button instead of reply.

I can honestly tell you that the myth the gurus are spreading around that you can purchase REO properties at 50-75% of after repairs value is just as much a myth and as rare as hitting the lottery in California specially.