``This is a common-sense bill that eliminates the double whammy of someone losing their home to foreclosure and then facing an additional tax bill right when they're down on their knees anyway,'' said Representative Dennis Cardozo, a California Democrat who said he represents ``the foreclosure capital of the United States.''

In Minneapolis it is very common to pay $35 as a prospective tenant to apply.

Expenses reflected in my original post include these items, plus common area utilities, taxes and insurance.

I was wondering what you guys thought about this idea.Also, since he is going to be living with them, is he allowed to discriminate based on age or gender and find someone he might have more in common with?

This is a common fault of newbies and IMO it's one of the reasons for the high failure rate.

Is this a common situation?

Short sales are not new if you understand banking but they were not all that common for individual RE investors.

He then introduced me to another investor from which I learned a great deal ( which seems like common sense now) and I was off to the races.

That commonly happens when their private septic system fails as they will have to pay a fair amount to repair the system.

Loan terms and valuation are similar to residential and not commercial.What you will notice is a market that is down with employment problems will impact all types of housing.