A great article... thanks Dan.It sure does fill in some of the gaps, since the "mainstream media" is telling us NOTHING.I particularly liked these two paragraphs:"What terrifies me … what wakes me in a cold sweat … is that the single most corrupt, inefficient, incompetent and idiotic institution on face of the planet is now trying to “fix†the problem.And that especially frightens me because, the closer I examine the roots of this crisis, the clearer it becomes that it was engineered almost entirely by the very bumbling buffoons who are now charged with ending it: The U.S. government."

I specialize in helping people in the (geographic area you focus in) area who are facing foreclosure, which may or may not apply to your current situation.

I do think you would be challenged to find any location where prices don't fall some.I really, really dislike the comparison between PITI and rent.

The biggest problem that you will face as a wholesaler is that you will have a lack of buyers.

The 'experts' are saying this is the worst or second worst situation we have ever faced as a country.

In the next couple of years when all the adjustable rate mortgages start to come on line we are going to be facing this hole problem all over again.

If the loan is at a lower rate than current rates, you're effectively getting a discount on the face value, though.

The challenge in a Coop is finding a TBer to pay your fee (most of the time the assignment fee is 3% of value, and many times the 3% has to be financed in a promissory note or borrowed from a family source or a finance company).RE: Notes, there are terrific sites about creating a note and selling the note at a discount to a note broker-note buyer.

Thus began the REO's facing reality.

If you think you're savvy enough to take on the challenge to help me, please, by all means!