I used trusts for short sale up until mid 2008.

I worked at my dad's law firm briefly (they do strictly foreclosure work for the whole mid-atlantic region) but never learned much about the process...

Make sure you're confident that all your numbers are accurate...but assuming they are, you should easily be able to generate a mid- to high- 5-digit wholesale fee on this...

I'm currently residing in Hawaii, but will probably be heading back to California mid 2010.

I'm in my mid fifties right now and much of my retirement plan is in real estate.You don't know where you will be financially in 10-15 years when you retire and what will your residential preferences at the time.

A couple things:- First, if the comps are really in the mid-$50K range, and the bank is only asking $29K, then one of two things is likely: 1) it needs more work than you believe; or 2) the deal is already gone...- If the comps are really in the $50K+ range with only $2-5K needed in repairs, why would you bother to low-ball the bank when you can offer full-price and still have $20K+ in equity?

As a buyer's agent myself, let me see if I can answer some of them before I take a mid-morning Saturday nap!

Here ya go Jimmy:Texas versus:Florida => 2-0-1Georgia => 3-1Kentucky => 1-0South Carolina => 0-1Tennessee => 2-1Vanderbilt => 3-8-1Alabama (Your best team) => 7-1-1Arkansas => 56-21Auburn => 5-3LSU => 9-7-1Mississippi State => 2-2Mississippi => 5-1Totals => 95-46-3, or 67%...or roughly 2/3s of the time we beat up the mighty SEC teams.This SEC obsession by mid-tier teams living vicariously through others is bordering on comical.

yes, I promote using it as a short to mid term strategy.

I always took it to mean low to mid income homes, nothing fancy.