I will say that I do notice as the summer season wraps up, you will notice REO prices begin to drop, but that does not mean you have to wait if you see a good property in a good area.

Someone may have mentioned this, yes I'm skimming again.Get with your bank, drop 30 or 40% down get purchase money and construction advances with a future advance note, when it's done roll it over to an 80% end loan.

If the owner has been out over the term or from the date notice was given the chance or risk drops that work was authorized or that the owner made improvements, but it can happen when an owner tries to improve things to sell the property.

Our budget is now a little tight as my wife works a fraction of the time to stay home with our toddler which dropped our income a good amount (leading to the high DTI).

I dropped my Dish down to basic, to about $30 a month from $90 a month and got a Roku for Netflix ($8 a month) and a bunch of free channels.

Why did he drop the price $10k?

One friend got so frustrated that he dropped out of the process.

Nothing.His office said he is around, but busy with meetings, clients.I asked if someone else can show me said property, they said I will have to call him because "he play his cards very close to his chest"...okay, I am not playing anything, I am looking for him to return a simple phone call.Now get this, during this week of me trying to get a hold of him, the price of the property dropped twice.Twice, and not returning calls.Think he has a buyer lined up and this is just to get the prices gravitating to his buyers pre-agreed upon number while telling the bank there have been no interest?

Has any one been in this situation will the rents drop due tu supply and demand.

Drop the price a little if you want, but if you know the rental rates in your area it should be an easy assessment.