Originally posted by "**********":Lito,Banks and Wall Street Investors are taking MAJOR write downs as a result of the sub prime melt down.There are hundreds of thousands of bank owned properties all across the nation.

I cant find an investor who would refi him with stated income since they are mostly all investment. is there an institution that would refi all of them into i lump payment?

I'm a member of IREM and the real estate club at GSU.A short-term goal is to go into real estate on the commercial side, possibly doing financial analysis for a large institutional lender.

We have had our share of problems contributing to a fair amount of foreclosures, which has been going on for several years now, even before all the news about the problems nationally.

I've been working on the financing for foreign nationals for quite a while now.

I do work for a national real estate company and one of my jobs is to help market the company, but I don't want people to think that I am just here to promote the company.

Today they released the data for the month of Dec. 2007 and, on a national level for th 4th quarter of 2007.National index 3rd quater 2007 = 180.31National index 4th quarter 2007= 170.64 Point difference = 9.67Percentage drop over 4th qt = 9.67/180.31 = 0.0536 or 5.36%Another way of saying that is: On a national level, home values for the forth quater of 2007 fell at an anualize rate of 21.45%.

The stories of the huge profits of yesteryear, or even the recent stories I've read nationally of sales taking place with no one even there to watch don't apply in our central texas market, but then again we haven't seen the dropoff that people have experienced in other areas.

It took 3 lawyers and a large national bank 60 days to gat a release from the IRS for a partial distribution instead of the net proceeds.

I couldn't find anything for the country to back up my claims that we spend more on Illegal Aliens, their health care, housing, etc Than we save in paying them less than AMERICAN CITIZENS.I couldn't find national numbers ,but the LA Times had some interesting numbers for California.