This is final nail in the coffin for the investor but an absolute windfall for the tenant.I'm convinced most tenants come out of a foreclosure well ahead of the game.

You have to be very selective and careful when you outsource.

No one seems to be winning in this foreclosure game and as people have said, you are lucky the banks didn't kick you out earlier.I have heard of it being possible to rent directly from the bank... more and more banks are setting up divisions to handle this.

Can't see how McCain was selected over him to represent the Rep. party.

https://www.efanniemae.com/sf/guides/ssg/2009annlenltr.jsp www.eFanniemae.com Select brokers/correspondents Select lender announcements Announcement 09-02 March 1 is the kick off date Properties 5-10 720 fico 75% purchase 1 unit 70% no cash out refi 1 unit 70% purchase or no cash out refi 2-4 units 6 months reserves for all investment properties owned * side note - properties 1-4 will require 6 months reserves for subject and 2 months for all other investment properties.

Julian, for you to just jump into the commercial game is not as easy as you think.

I have posted a few of my deals and look forward to learning from all of you.My hobbies include: foreign languages, keeping exotic fish, formula 1, modified exotics; and would love to get into amateur Porsche racing, scuba and light aviation ... maybe even some big-game hunting.See ya around!

REO's are strictly a numbers game.

Insufficient startup cash to show an HML we have 'skin in the game' or working project needs (rehab etc).3.

Of course the cash flow would be offset by the fact that I'm paying rent but it would allow me to get in the game and start building a portfolio..