In the worst case scenario, where the house just won't sell (retail) and the lender's fed up with waiting, what is his recourse?

This is why a COC return is only part of your equation, having enough margin for the worst case scenarios will keep you in the black each time.

At worst, it could turn violent (that's what criminals do) and become a NIGHTMARE.I guess I did forget to provide one useful suggestion - BUY A GUN AND LEARN TO USE IT!

Hope for the best but prepare for the worst.

This is my business model, and I generally get about 20% of the REOs I make offers on, and about 35% of those I make offers on that have been sitting for more than 3 months.As long as you have your 7 day inspection period on all your properties, you shouldn't have to worry about getting locked into any contracts if you make multiple offers -- worst case, you just go with one property, and back out of the others.By the way, why are you waiting until 2011 to start investing?

Still on pace to continue the increasing trend and still lots of time.We're at 157 as of Christmas day...so, unless there are about 140 bank closings this coming week, we're not going to be anywhere near 300...Which means the prediction will be off by about 100%...In fact, we're pretty close to where we were in 2009, which has been my prediction all year...Btw, there were 41 closings in 3Q10 and 30 so far in 4Q10.Compare that with 41 in 1Q10 and 45 in 2Q10, and it appears that things are worst-case staying about the same, and more-than-likely improving...As is a lot of the "speculation" about the economy on this forum, it appears the predictions about bank closures this year was just another doom-and-gloom scenario that didn't pan out...I'm sure there will be lots of excuses why the doom-and-gloom scenario didn't play out, but in the end, it boils down to the fact that the world isn't coming to an end...sorry to disappoint those who seem to think it is...

Some of my best, and some of my worst tenants were S8 tenants, and I've had more than a few kicked off the program.Posititives: Most of the rent is never late.

So the worst thing that could happen is that the 2nd asks for 10% ($7800), the first says that they will not take the hit, and I lose $5000.

It also lists worst 10 states and NV continues to lead the bunch.

Under "Market fundamentals" I am reading:"from third quarter 2008 thru third quarter 2009" values have changed "-9%""Worst 1-Year Home Price Change- from 1980 thru 2009" values were "-22% (first quarter of 2009)"Could someone help me to understand that?