I got my real estate license about 5 years ago and I'll should finish up my broker's license in a few months.I look forward to learning more about real estate investing, and seems that there is a great number of people to learn from.

We have been developing since the late 70's and in that time have only sold one property.

I may be living in one of them after the rentals I now have booked are finished.

It looks like late this week or early next week we should know something.Bob - Good point on Treasury Bills last week.

I have been increasing the number of units I have lately.

So, it would seem a short sale is lower impact.It will start hitting your credit sometime next month, once you're 30 days late on the note.You may get caught up in the WaMu failure.

Given that the borrower is 4 months late, what is the most likely means for "correcting" that loan?

As far as price drops we're not near finished.

Said he's done a lot of them lately.

I am working on behalf of a friend to get his remodel project finished.