As an alternative, you can hold your mint condition house by renting it for a few years when you move to the next one.

Rates on 30-year mortgages rose for a third straight week, striking the highest level in eight months and the30-year, fixed-rate mortgages averaged 6.42 percent and the rates on 15-year, fixed-rate mortgages, a well-liked choice for refinancing, rose to 6.12 percent this week, up from 6.06 percent last week.Rates on Five-year, adjustable-rate mortgages averaged 6.19 percent, up from 6.02 percent and One-year, adjustable mortgages were the only category to show a decline, dipping to 5.57 percent from 5.64 percent last week.CheersSamantha

I figured there had to be some more affordable alternative, and some more decent people out there that just want to help rather than make a buck off newbies.The income property analysis tool seems like it could be very useful, but a lot of it is over my head right now.

does not really exist....I am finding it to be the most challenging life choice I've probably ever pursued.

So, an alternative to dealing with pre-foreclosures is to try to buy REO's.

It really depends on your actual skill level, and what the alternative use of your time is.

That in itself would keep me from buying.Detached house or condo is a matter of personal choice.

They deed the house into your name, entity or trustee of your choice.

That is also why I choice to use a Property manager.

I work for [LINK REMOVED] and we have been noticing a huge increase in the number of motivated sellers out there....they are even turning to alternative methods to sell their homes.