I don't specialize in listings but when I come across them, they're like the gravy train if priced correctly.

To gain some reo listings at this point is going to be tough, agents have been building relationships with these asset managers for the last couple years and there are lines out the door.

That's another main factor no that the # of financed properties has been cut back to 4.My recommendation is to get in touch with a mortgage professional that specializes in investment loans like this.

You are in a tough spot and unless you have other assets to pay off the debt you can probably kiss your good credit goodbye.

Maybe I am young (25) and naive but this seems like drastic overeaction.I seriously doubt with every bone in my body we need to be stocking up on guns, ammo, food, safes...etc.It's almost laughable.I think we are heading into tough times with a depression looming but come on....Maybe I am just to sheltered in the nice rural town I am living in right now.All you guys are fairly logical and to my understanding aren't total wack jobs.

So times are not that tough yet.

Tell him you have a friend that specializes in loan modifications and forebarences & that if you gave him their loan # he would talk to the loss midigation department for them.Then just call yourself with loan # & all your friends problems go away.Be careful though your friend & I've seen things like this before might feel alienated.

Specially for multi-units.Make sure however that you are sending the check to the escrow company and not giving it to them directly.

Getting over 100% value in financing may be tough.

It has a couple of renters at the moment but it has to be tough to rent.