When your prospective tenant warns you that they think they have bad credit and after running their report you call them to see if they want to be a credit partner.

No sense buying in a poor market when there are good markets abroad, regardless of what you here in the news.

http://www.hud.gov/news/release.cfm?

It's video though...but you can listen to it on your video ipod if you don't want to watch it.Open iTunes so it's up and running.Then go to Youtube.comType in "Michigan Foreclosure Report"You'll see a bunch of videos by Mark Ijlal.

They hear on the news all the bad things going on with real estate and don't think twice about it.Then when the subject of RE comes up, all the can repeat is what they've heard on the news or read in the newspaper, "man, real estate is really bad right now", "people are losing a lot of money in real estate".Nobody really thinks twice about what it really means when RE is low.

They normally will keep the deal in house and it will not show on your credit report so you can do that with multiple ones all at the same time.

So very sorry to hear this news....If I were in your shoes, I would do the following in this order:a) Get proof of the impending foreclosure.

I’m sure that the panic and fear that is currently lurking in every news paper, every television station and at every kitchen table could have us all standing in our underwear with nowhere to live and nothing to eat in 10 years.

I looked up a local Real Estate Investing club here in las vegas off of this site and when I clicked on their website it had news from 2005 and all of the contact info was disconnected.

A separate appraisal (Uniform Residential Appraisal Report) may be required to determine the as-is value.