I've got a beautiful home in the san francisco east bay area which is of the hardest hit right now in declining property values. anyway, i bought this house with a friend 3 years ago and our intention was to stay for a few years and get out. now we're stuck and although we're not in default, we both want to get out from under this deal as soon as possible. we are currently in the middle of a short sale process, but have two lenders and the second is not happy about the thought that countrywide isn't gonna give them any money.

I don't think they have any intention of paying the debt off.

I found a way, but we would have to sign personal garauntees, which helps with the issues related to having 3 partners in a deal, but doesnt limit our liablity, which is my main objective.

And these people lives with commision monies, he can get upset, would you be upset if somebody negotiate your salary even if you know you are doing a good job.I am not justifying his commision but he might be getting what he deserves and you are the person who can decide.And also my honest opion is that sometimes people intentionally talk about negatively about something and/or someone just to keep you stay away from him (why one more investor he should share his inventory !).

I started making my offers by forming LLC's with the intention of assigning/selling the LLC to the end buyer seeing that the banks do not allow assignments.

It has gotten me the best response so far.It is something like Dear Sam, I am interested in buying your home at 1234 main street.....etc.I have mailed that letter for the last 3 years.

The main goal of the bailout was to loosen up credit.

i was in the mortage business for a several years and mainly involved with purchases.

That's another main factor no that the # of financed properties has been cut back to 4.My recommendation is to get in touch with a mortgage professional that specializes in investment loans like this.

For an FHA loan you need to have the "intent" to live in one of the units.