If prices really had continued to rise, they would have been screaming bloody murder about paying taxes on their gains.

Looking over FL 501.1377 it sure seems to me that by saying noone except primary mortgagee, can bring default current and continue making payments that this throws sub 2 out.

Contact an attorney that can dispute the foreclosure process giving you access to continue to short selling the prop w/ the bank and cash flowing that puppy with the homeowners authorization.

Either way, the assets need to be liquidated - I just prefer they do it in the swift manner privatizing it can accomplish.Which is what I intend to continue doing.www.BillionDollarBailout.com

I do however give my clients 'loyalty discounts' for their continued patronage.

Should I alert the agent that there will be an assignment or just continue to move forward without saying anything seeing that all parties have signed allowing this (keeping in mind that it was the original homeowner that signed but the bank did not disagree)?

For one, short sales will continue in great numbers because property values will continue to fall well into 2010.

Don't forget that if you leverage yourself on your property #1 and #2, that your debt service will increase accordingly and that a vacancy in either or both just might sink your ship.Personally, I would continue to locate deals, look for good financing and 'force' your rents at your current properties.

I realize we don't usually look at 20 year deal horizons, but it shows that this can't continue indefinitely.

We moved to florida from western NC and bought a house while still trying to sell our old house in NC...Well, it isnt selling.We have been paying both mortgages for several months now, and are bleeding money every month.It is too expensive, we cannot afford to continue doing this.So, we are entertaining lease options.We got an offer of 900 month rent, with 3500 down on 18month term.Our mortgage is 1600 a month as we paid 240K for the house only a couple of years ago.So this will not nearly cover our monthly expenses.