Citibank did the same to me: decrease equity line, with no backing documents that the property actually decrease that much (which is not true).

It doesn't make sense to me to have a tenant move out over a $25 rent increase and then have the place vacant for 60 days and need a couple of thousand in renovations.I never have any 20 year tenants, and if they stay that long, the landlord would have to raise the rent ocassionally to adjust for inflation.Rents here finally went up enough to notice, but now they are going back down, due to all the new houses that aren't selling so they are being put into the rental pool.

I noticed a lot of people doing short sales to help these individuals and decided to learn more about this from an investor standpoint.

When I read this law, I noticed that it is preventing people from doing that as you would have to wait 18 months or else give the original homeowner 82% of the net proceeds.

He has lived in this house for 10 years apparently it got a condemnation notice because there is a huge hole in the backyard, that he has not filled in, but he still lives there.

I know several people that have saved significant money on having their properties reassessed due to the decreasing property values.Do more research as there might be a loophole you can use to have the property taxes lowered.

You can usually terminate that with 30 day notice, though this varies from place to place.

They countered the next day at 18K, I countered at 15K. 2 days later they sent over their own contract and noticed I had to pay for all closing cost and I could not sell the home for more then 18K within 3 months.

Noticed your location was Tx.

How much notice do I have to give 30 or 40 or 60 days?