If I had gone in without healthy reserves I would be in a tight spot though.

Might not be as tightly regulated here.I’ll try to put some stuff together and touch base with you.

Interestingly the number of listings are "down" right now because of very tight inventory.

What I find peculiar about the phenomenon of increased foreclosures is the fact that it is happening at the same time as a hugely tight housing market where buyers are actually getting into bidding wars for what few properties are up for sale.I've always thought that foreclosures happened because both a person stopped paying on their mortgage, and simultaneously were unable to get cash out from selling the property.

Be tight and conservative with your assumptions.

I always think when you are tight on cash, fire to the bum, people (or at least myself) will find ways and get it done to make it work.

@Chris Seveney In my opinion, once the forbearance deadline approaches, the government will most likely extend it or switch emphasis to loan mods where they tack the arrearages on as deferred principal to the end of the loan.

It gives her a deadline and long enough to think about it.

Hi @Voghens Larrieux,It seems our goals are tightly aligned!

@Rudy Planter We came up with that date just to set an internal deadline/goal for ourselves and a realistic timeline for us to interview property managers, network with local businesses and research the area.