I'm glad to have found this forum and look forward to learning a great deal, as well as possibly contributing to these helpful discussions.As a principal, full-time real estate investor and owner of Alternative Funding, LLC we see our role in this business as facilitaters.

The MLS is too competitive now and need an alternative route to pick up REO's and make a healthy return.

If you can't pay, at some point they're going to take the property.Private money lenders are individuals who are unhappy with their rates on with their alternative investors.

But I'm open to alternate strategies.What would you do?

I am at a loss as to how to title this piece,I have a Townhome I bought(seller financed) in 2001 at $87500 @9%( at the time I do not have good credit)the balance now is 82000(which includes escrows)....the problem is I have done some work on this property.....replaced polybuthylene pipe @$2600,repainted the house$900, other repairs$1500,jacked up the foundation from the crawl space$1600......any way because of the Real estate downturn, there has been a lot of foreclosure around my house which means low appraisal, two units been offered at short sale at $60k and 35k...informal appraisal puts my townhome at 75k to 82k....needless to say I have a difficulty refinancing, credit is no longer a problem.....my question is how do u approach this owner to either write down the Principal to maybe 75k or cut the interest rate to maybe 6%...or alternatively I may have to walk out on the property....by the way how will this affect my credit,it is currently not recorded on my credit reports(I monitor all 3 religiously) the deed is however recorded in my County courthouse here in Cobb County ,Georgia...If any one has another option or approach I can take , pls let me know

Then have Power Teams in those five to ten places with alternate players recommended by the team.

The Committee has attached special importance to Obama's vision of and work for a world without nuclear weapons.Obama has as President created a new climate in international politics.

At that point you have to compare selling it as-is and investing nothing to your two alternatives.

Ask your HVAC contractor what he / she can do and if it isn't within your budgeted numbers, then ask regarding alternatives to meet budget.

An alternative approach.