Yes, this was a 100% financed, 7 year locked ARM with a 15 year second.To say the least, we want out.

I am tired of rookies coming on this site and talking about wholesaling and wasting seller's time by locking property without a means or plan to close other than I'm going to flip it but need to get my "buyer's list together," Can we all take some time to think of some other jobs these people can try out?

Five or ten years from now you'll be kicking yourself for not locking in all the mortgages you could get at these current rates!

You've missed the Jan 15 deadline for this year, so you'll have to do it next year if you can't come to an agreement.Note that the assessed values and taxes don't go in lock step.

The details of the property are below: 2 bedroom/1 bath Condo928 sq ftnear downtown Durham, NC Obvious repairs needed:•replace carpet•replace/repair several torn window screens•replace/repair damage to front door lock area•replace microwave•loose exterior light fixture Asking price $15,300 OBO (this is an amazing price).

Unlimited time listing is only $50 more.There are also flat fee listings that include signs, lock boxes, and paperwork.I would not use any preprinted For Sale By Owner signs.

It has been vacant for a few months and is locked.

If you are new to this (as I am) and think you will save money by doing some work yourself the first time - you wont so don't.Having spent months painting the upstairs unit of a duplex and "playing around" installing new window locks, replacing doors, drilling door locks, etc, I met someone at a Real Estate investors group that had his crew come in and lay new floors in the entire downstairs unit and and paint all walls and ceilings in about a week.

Is this land locked?

.-- Understand, this flexibility on my part is the result of buying at a big discount so that I still have an excellent ROI.OTOH, with my most desirable places my only rent concession (with good tenants) is to let them lock in another year at the present rent.Since their lease is up in April stick a For Rent sign in the yard and start marketing the place now, hopefully for a higher rent, and see how they react.