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.

So my options are to continue paying 1200 for 5 years then move and rent it pocketing 1200 or more for as long as I want.

It is ridiculous and in my opinion, unconstitutional.Try this Roy: Keep your tenants in place and continue to make all of your mortgage payments.

I view the bailout passing as a little extra padding - a little more time - to prepare for the worst, while continuing to follow the advice of people who have exactly what I want, to hope for the best.

I can no longer continue to pay on the property out of pocket.