Being an old hand at this game in Europe I have entered a world that has so many abbreviations and words that I have no idea as to what context they are meant for.

This is a resource that many people do not use because so many are getting in the game the wrong way.There are many ideas out there that can benefit you, but think of it this way, they start at 8 or 9 and they drive neighborhoods and find those houses that you can not or that you have overlooked.

The latter is the group that gets how this game works.

Sorry to be late to the game, but some thoughts...Check what homes nearby have recently sold for. www.realtor.com is a good free resource or google the assessor's office of the city the property in question is in.By all means, do a walk through of the property if you haven't already.

If you are trying to establish credit try and remember that the size of the limit has little to do with building credit.

We are both new to the game, and when I say new I mean really have only limited knowledge.

Notice: Michigan Law establishes rights and obligations for parties to rental agreements.

i dont know...i do know at $300 it still makes damn good cash flow...the property is still marked active and not UA yet...but i have a hunch its going to be foreclosed onim also not worried about having an empty apartment, thats part of the game...in my market i can fill these 3 or 4 bedrooms in this neighborhood very fast even in the winter, they are way above average units...if i can get it at $300K- great if not o well...im not planning on getting this one, bc there is another (supposedly) offer that is higher...there is a chance the realtor was pulling one on me, but from the start i said i'd go to $300K, therefore i started at $270K

Your problems are much bigger than just real estate and you could use the help of a qualified professional to establish a recovery plan.Good luck.

As with bank examinations, an audit or exam date is established and everything is brought current to that date.I think what the original post concerns is the success in audits finding issues of non-comlpliance for the popular purpose of having loans written off or foreclosures terminated.