Sarah, it was a typo listed 9/22/11 for 20k, they corrected on 10/05/11 listed for 200k - short sale and it's a SFR.

correct?

Some owner finance is happening to almost every deal these days in the commercial realm unless they are buying on a low basis with all cash.2 viewsBuyer wants to pay nothing and owner financeSeller wants a fantasy price and wants all cashSomewhere in the middle lies reality.When I do owner finance deals from sellers they can research me.I am plastered all over the internet.If something goes wrong my credibility goes down the tubes.The problem with many investors wanting owner financing is they don't sell themselves correctly to the sellers.If you as a buyer have no money,no credit etc. you will appear weak to a seller.If you are a qualified buyer but just want owner finance then the seller might be open to it when they see what you will guarantee on the loan and what kind of credit and reserves you have.

That something I would, of course, disclose to the buyers and the seller.Am I correct?

I believe you are correct.

If I remember correctly, HUD is 50% but some conventional is 33%.

Keep in mind this is a 40 year reset of the market place not a normal correction...it's almost a mirror image of the RTC days and the market that followed.

Yes, and I double checked with Satchie Carvounis (SDIRA consultant at Security Trust) that is correct as soon as the property has been 100% distributed to the IRA owner they can treat it as their own and don't have to worry about IRS guidelines.

I recently resigned from my job and want to focus on RE whether that is back in Holland or in somewhere else.Unfortunately the RE market in Holland has not corrected itself very much and is still stable (although not a lot of volume).

You’re in a major city yes it may be getting into the slow months but there is a hundreds of thousands of people someone will bite if priced correctly.