Question 2: How long is a lender allowed to hold onto a property before it becomes a regulatory problem and they are truly forced to clear it from the books?

I was forced to rent it rather than sell so this is the first time I've had to deal with renters.

:D I am interested in investing like a 2-3 family house only as right now thats all I can afford.

Ive heard of Allied Schools, but I know nothing else about them...Thanks!

The house has a wood burning fireplace with a separate flue from the gas forced hot air furnace.

The state list is assumed to be in force if your agreement does not say otherwise.

Thanks all,I appreciate all the advice and comments.

Hi all...I am a newbie so sorry if someone feel that this kind of questions has been answered before:I have a REO I am looking at right now...it is in a prime area and under normal circumstances the real price of the house would be around 320,000 dollars.

Hello all!I

Hi All,I discovered this site just yesterday and - after several hours of perusing - have been rather impressed by the quality of the posts.