Those loans failed because the underlying assumptions were false.So, yes, high rates will tamp down prices, but inflation will drive them up.

I am here for networking and opportunities to build successful alliances and in all truth, after continuous research, I've come to find that most of the time when I've joined a network, I've failed to see many Georgia Investors.

I am too scared to jump, in an too scared to fail.

This way you would be the foreclose-ee and that would wipe off the 2nd completely.There are several additional tactics that could be explored as well based on what they say.If all else fails, and occasionally it will, wait until it becomes an REO, keep the bank apprised of the situation with teh 2nd and tell them that they already have a cash buiyer once they own it and tehy won't have to list it, fix it up, etc.

I never again want to hear, "that company is to big to fail".

I was primarily thinking of Northeast Georgia Bank which assumed all of the failed bank's deposits.

They have final say everythig else up to the auction date has failed.

Maybe I am just looking for an excuse to keep my sanity as these folks fail to call back time and time again.Maybe I am just not as important as I think I am..........Nahhhhh!!!!!!!!

Seek out those with actual knowledge and experience and ask their advice and counsel.Many who jump into this racket fail miserably.

The vast majority of new landlords fail and the number one reason they fail is that they don't understand operating expenses.Good Luck,Mike