For example, the socialist laws in many states mean that an eviction may take several months and result in a big loss.

I think the home is much more marketable with city services and frankly I dont think I would make an offer if I determine that the coversion is not feasible for me.

Some buzzwords to use when you contact the lender are "REO Department" or "Asset Management Department" or "Loss Mitigation Department."

My tax returns over the last few years show negative income because of depreciation on my RE investments and losses incurred from an engineering company I own.

The mortgage on $128,000 (80% of $160,000) would be about $810, which means you would have about a $210 per month loss.

Because then you end up doing more and more and more, to the point where you've blown your budget and your time schedule and you'll most likely end up with a loss.

-call the loss mitigation department and they will fax you the short sale package of all things you need. most lenders have similar packages.

It basically amounts to a 30% discount on everything the "company" buys because I do it with pre-tax dollars.It would make sense to me (if this is legal) to run the profits and losses of the home sales into a company (could be as simple as a sole proprietorship or LLC) and use the pretax money to go about purchasing homes.

The economy here was hit hard from the loss of jobs from the Big 3.

Non-compliance comes at a dear price; loss of freedom (jail time), liquidity (fines) and rights to practice business.