There have been several discussions fairly recently on this topic.

From the other forums I hear the banks will take no less than 65% of fair market value.

It would be fairly difficult to assign a short sale.Upon negotiating and submitting your offer the bank will want to be presented with a contract.

hi BeckyThere is a fairly high demand for rentals where I am but I personally don't like being a landlord.

Josh/Jeff,Can either of you guys comment on lender requirements to maintain reserves when they repossess property?

we are starting to spread our wings. and want to know how our american cousin's are fairing during the credit crunch.please dont jump on me if i dont fully understand the terminology you use for property.hoping to make some friends and if i can help you understand the market over here a bit better please feel free to ask. if i dont know the answer i will find somebody that does.Best RegardsLes

This is a great way to sell a house, especially if you have other properties because you end up with a fairly good list of back up buyers.Compared to paying thousands of dollars for a boot camp, the book is cheap.

Using a licensed appraiser should give you a fairly accurate value based on recent sales.

While we may well have not caught the market at its lowest point we are fairly confident that we will make money on our 7 to 8 year time line.

Im fairly new to these forums and very new to the world of real estate.