This is second-hand, but I was listening to a Jason Hartman podcast today (http://www.jasonhartman.com/cw-304-dow-high-illusion-mortgage-lender-panel/) and he had a panel that spoke to this (maybe around 45-50 minutes in). Here's

I just wanted to jump in here.

Julian Jasso, if the homeowner wants to stay in their home, one other option is they can hire a foreclosure defense attorney in her state.

Before, they had no lease, paid when they wanted, basically had a slum lord, who they thought was there friend because he would give them small jobs to earn money for and then would just bad mouth them, and then ended up creating obstacles for us....

Will that be a major obstacle?

However, you can buy and sell your contracts and your interest in them all day long.If your girlfriend is a good agent (as opposed to a someone who passed the test and takes listings in her free time), she would be all over trying to understand how wholesaling works and what is and isn't illegal.

There isn't a lot of activity in her neighborhood.

So, a $125K house may be out of your reach.I'd work on fixing your credit (get over 720, 750 would be even better) and get your sister to refinance in her name only.But I'd really start with the "what is my goal" question.

Economic growth will remain low especially with the current climate in Washington with this idea that all debt and deficits are inherently bad at the national level.

For example, did you replace the HVAC systems when you bought your houses or did you leave old ones in. Here