This has turned into a site that I visit countless times a day.

I am at a loss as to how to title this piece,I have a Townhome I bought(seller financed) in 2001 at $87500 @9%( at the time I do not have good credit)the balance now is 82000(which includes escrows)....the problem is I have done some work on this property.....replaced polybuthylene pipe @$2600,repainted the house$900, other repairs$1500,jacked up the foundation from the crawl space$1600......any way because of the Real estate downturn, there has been a lot of foreclosure around my house which means low appraisal, two units been offered at short sale at $60k and 35k...informal appraisal puts my townhome at 75k to 82k....needless to say I have a difficulty refinancing, credit is no longer a problem.....my question is how do u approach this owner to either write down the Principal to maybe 75k or cut the interest rate to maybe 6%...or alternatively I may have to walk out on the property....by the way how will this affect my credit,it is currently not recorded on my credit reports(I monitor all 3 religiously) the deed is however recorded in my County courthouse here in Cobb County ,Georgia...If any one has another option or approach I can take , pls let me know

Then have Power Teams in those five to ten places with alternate players recommended by the team.

At that point you have to compare selling it as-is and investing nothing to your two alternatives.

I found the forum after countless hours of searching through different website like metrobrokers.com, hud.gov, bidselect.com, georgiamls, craigslist.com and more :) for property.

Ask your HVAC contractor what he / she can do and if it isn't within your budgeted numbers, then ask regarding alternatives to meet budget.

He is right in that you need to be careful who you trust, however, countless times I have formed great relationships with top REO brokers (which is a necessity in the REO biz) and although they represent the banks as the sellers, there is somehwat of a non-personal attachment as banks are just big corporate entities and I am a real person in their office whom they like, whom they drink beers with, whom they joke and laugh with on occasion.These relationships produce great deals.

An alternative approach.

Alternative ideas to consider?

I would say that both Singapore and New Zealand are viable alternatives to the U.S.