I read online that:"Fannie Mae agreed yesterday to become a “national landlord,†by support the first initiative designed to rescue renters facing eviction all across the country.

It's not the deal that I question but your ability to support it.It's certainly not to the same extreme but it reminds me of the person who wanted to put down $350 on a property I was offering to owner finance (I was asking $5k down).

But I always advertise that my short sales are “Better than an REO!!!

Bandit signs are not a legitimate for of advertisement.

On the flip side, the auto industry does support a lot of other businesses (not to mention a state) and right now, is that collapse something our economy can handle?

Please don't think me lacking Christmas spirit, but why would this site solicit donations when it's an advertiser-paid for-profit commercial board?

At first glance it appears that rents in the area will support positive cashflow, based on home prices, taxes, insurance, etc.

The MI company was Radian and they denied the short sale when the lender approved it.Call their loss mitigation department and treat them as you do any other negotiator, explain the situation and send them over your data and comparables to support your offer.What happened on my deal is that the MI company apparently approved it as long as the 1st lien was willing to take more of the loss, I am not sure about the specifics but they came to their own agreement and I was able to get the deal done.The point is be persistent and don't take no for an answer.

The DPA and the fee had to be immediately repaid at closing to the DPA lender by the seller.Basically, you have to find a property that supports a higher apprisal and a lender that doesn't care about the source or seasoning for the down payment.

Get a deal under contract and advertise it.