You have to figure out what you are willing and not willing to do and develop a plan from there.

Some times we Realtors unfairly get a bad reputation.

Joe Gore Short Sales hurt credit - FICO.See http://www.myfico.com/crediteducation/questions/foreclosure-alternatives-fico-score.aspxIt is a foreclosure.It hurts your reputation and you have to sign on Govt employment apps you have been through a foreclosure.IRS You may owe money to the IRS http://www.irs.gov/Individuals/The-Mortgage-Forgiveness-Debt-Relief-Act-and-Debt-Cancellation-To avoid a short sale,-rent the property out,-sell on sub2,-sell on lease option,sometimes better than short sale.

It was a new luxury ocean front condo selling by the developer.

For example:- Do people require receipts from the developer to confirm refurb costs?

We hold a real estate portfolio of single family residential property, multi family, commercial development, commercial buildings, and hotel properties.

Damon Flowers is actually the developer of this and I know he and Phill pretty well.

For you to get a discount you need financial distress and distress on the condition of the property.Now... for the other "really beat up house"... you should be able to turn that into money if you get a developer buyer.

Work hard and do well in school, develop your basic life skills and most of all HAVE FUN.

I listen to podcasts to and from work and browse around the forums after the kiddos go to sleep.My ultimate goal is to get into developing properties or spec homes, while maintaining rental properties that cashflow.