If everything fails and it looks like they are going to lose there home in foreclosure they would rather sell their house to you at a 60% discount than lose it in foreclosure.

On the info you've provided us you're either (a) over-leveraged or (b) not generating enough free cash, or (c) not very far into your REI ventures.

I can have a person kicked off of the entire Sec8 program for two years for any lease violation including suspected drug use, not paying rent, not obeying noise ordinances, etc at a property so they have quite a big interest to take care of things as they can easily lose that free money, and they definitely do not want to do that!

While you're waiting to find a lease-option "buyer" who has bad credit, yet a big pile of cash, you are losing rent.

The western union thing is kinda strange, but banks ask me all the time for some kind of fee to delay an auction, countrywide in particular it seems.EMC has never asked for such a fee though and is generally pretty easy to deal with other than losing faxes all the time.

This may have worked for a few years, but many of the people who did this are the same ones now losing their houses.

If we don't close this week we lose are rate lock on the mortgage.

I would like to invest in multi unit properties and as I build up my empire I would consider venturing over to rehab projects and deals of that nature.

Didn’t lose any equity but if I needed a fast exit, I would have dropped a lot more in price and do it right off.

Just a little nervous because the rent will just cover the mortgate insurance and taxes I will break even...but if I lose a tenant then I am looking at coming out of my pocket any suggestions?