Thanks Raymond and Ned's promptly response.Remtometor finds 1000 properties within 7.4 miles and indicates my rental may be too high (in RED).

Does your sympathy card list your company name or is there any indication you are a realtor or an investor?

The last numbers I saw indicated we were the state with the second largest difference between the price of regular sales and the price of foreclosed homes.

If not and like you said it is showing great that's a pretty good indicator that you're priced too high.

It was mentioned several times at the summit to hit up local rei clubs and it's good to have another local BP member at least indicate they do have some value.I was initially extremely turned off by their site because the FIRST thing I was presented with was a typical marketing ploy to get my name and email in return for "unlocking [their] free report today!"

This helps me feel better about the value I’m buying and possible prospects for price recovery, but is just one indicator.

I won't be assuming the mortgage, as that would indicate that the bank has accepted me as the new holder of the debt.... but the bank is not interested in that (especially since I don't have a job).

Have they given you any indication of what the problems are and what they want you to do to correct them?

The one near me offers classes called “Evaluating Income Property” and “Affording Your First Home.”A quick Google search indicates that the University of Utah offers continuing education classes in “Consumer and Family Finance” as well as “How to Use Financial Markets to Protect Your Investment.”

That indicates lenders may be more willing to take a partial loss on a mortgage than take their chances pursuing foreclosure and reselling the property.