Personally, I would guess (and I can't stress that word enough, guess) that housing values overall will lower a bit more over the next 6 months to 2 years and then begin to recover at a slow rate afterwards.

They then sell to me at a deep discount.

The basement is 10' deep and wide open for storage or a living area with an egress window, so now it can be a 3 story.My goal is to own it for a very long time and hand it off to my kids.

Mike, not sure about Nationwide, but your problem is consistant here in SO CAL, home of the REOs and here is my opinion of what has been going on.Banks have been slow to get the REO's to market.Banks took a more relaxed/delayed (for lack of better terms) process to foreclose during the holidays (Nov.

I tend to make what should be something slow and easy into something huge.

If you assume things will go well and they don't, you will be in deep trouble.

I can see both sides, and for families that are deep underwater, the pain of a foreclosure or short sale may be acceptable vs. decades of high payments.But just by itself, being underwater isn't really a reason to walk away.

Hey Richard,Was a slow one for me this winter, got a couple good deals off the MLS.

Slow playing an applicant, offering generic rates or even being slow to return calls/answer questions are one thing... blacklisting an applicant seems like something completely different.

Got amazing wholesale deal on high end granite at about $13/sq ft and then just had my fabricator pick it up, cut and install.Got majority of fixtures, faucets also at deep discount from local overstock seller.Wish I could find one of these a month.