Since I don't have a system in place to keep a steady supply of short sales going, I have looked in to buying mobile homes and selling them Lonnie style to create cash flow.

And sales rep said that title company can no longer supply the list because of the law (They dont have database either).

The list of people that must be notified include, the lender that has accepted the short sale and the lender supplying the financing for your buyer....."".....As part of the law, a "short sale flipper" is defined as a person who has a house under contract to sell before they actually own it, AND the second transaction closes with-in 14 days of the short sale transaction.

Money is dear right now so everyone is competing for the same supply.

Even if there are these vast untapped oil supplies that could fuel the world for thousands of years, it's still not environmentally feasible to do so.

The financing guys are sitting right there like wolves waiting.....the REDC auction is geared for owner-occupant purchasers trying to achieve the American Dream with the 5% down, not us bargain shoppers.

A lot of the people laid off will eventually start new businesses and the money supply will eventually loosen up some.

Stick with the big box or a supply house with some buying power.

Just in case, the same person had 1st and 2nd line, I supplied a backup to the backup.

There is an endless supply of motivated sellers especially in Chicago.