Obviously we'd guide them to the method that yields the most favorable results.The problem I see with this area of lending is that most loan officers(LO's) do primary and secondary residences as their main focus and usually do not understand cash or accural methods of accounting, their relevance, or how to calculate cash flow accurately to counter an underwriting decline. 

Will we see the second shoe drop and have further declines ?

While I'm at it, I may as well say this sub declined to take the project initially.

Hi Everyone,I'm wondering if anyone would consider this as a deal.Small 2 Unit Multifamily for about 80k:Unit 1 = 3 bedrooms/ 1 bathroomUnit 2 = 2 bedrooms/1 bathroomThe area has been on a decline for a while now, and I'm wondering if this is a good deal or not.

I'd prefer to avoid this market due to population decline and additional factors outlined throughout the forums.

They have tried closing down stores and redoing existing ones but it's failing.I have know about their decline for years.

This town has a declining population which is not good but some of that is people moving to the suburbs.

I have not read any reports that cash-on-hand is getting any better, In fact, buying power has been on the decline for many years.I did see a report back in April of 2013 that the present US workforce is at 1992 levels and not improving.

The darker the red means there's a fire sale going on and prices are on the decline.

Politely decline.