This will free you up to continue purchasing and provide a pretty attractive interest rate.

The real question is, is this the problem being solved or are we just going to quit filing foreclosures to allow the housing market to heal, or are we waiting for Fed Gov to buy these assets. •The more people that can stay in their homes and start paying on their debts, the faster this ends. •If the trend continues down thru 01/2009.

You can then approach an owner after they have been fined in court or granted a continuance for whatever reason.

If you can really justify the $95K value, you should be able to find someone who would do a cash out refi for $30-40K and get yourself a nice kitty to continue investing.

My way has worked well for nearly 40 years for me and will continue to do so.

Incidentally, the current property manager employed by the current owner has agreed to stay on, so at least there's continuity...Opinions anyone?

I have almost a dozen homes now and I'm looking at what I should do next.

I'm getting great deals and making great money and I know how to do ALL the work. I'd just like to be able to have more BUYING power, because...

May God continue to bless you and your family more and more.

Most forclosures going for 95% or higher list price and multi offers lots of sales I think prices will continue to sneek up a little through the season but the investors I work with are low balling at the moment and are missing the deals.

More of the same only more chaotic in its execution.My suggestion is that the investors continue to create their own lending pools (since the banks are now out of the lending business and are going to concentrate on screwing up the resale market.)