There's always less risk, in the event of a law suit or injury which could occur on the property.

The banks would not really deal with that but would be harmed if done incorrectly or not done and thus title insurance and O&E amongst other things.

I guess this occurred as a result of a foreclosure on an apartment complex and they sold them off as individual units?

Just something I hadn't thought of until talking with him last night, as it didn't occur to me, but they say retail investors tend to sell at the bottom of the stock market, too.

Marie I think you just articulated what I was trying to say.What harm is there in putting in ten short sale offers at the same time when you intend to buy only one or two houses, since you know most of the offers probably won't get approved, or if they do it may be beyond the 120 day date on the contract?

You call it "kool-aid"...lawyers call it "agency law"...Just because you might not like the law doesn't mean you have the right to harm your clients by breaking it.Again, if you can't or won't represent your clients in a legal fashion, you shouldn't be entering into an agency relationship with them.

Personal feelings aside however, it is both common occurance and bad business practice.First, if the borrower is shopping after signng the loan commitment for the purpose of "keeping you honest" or negotiating your rate down further, then at the very least he is wasting someone's time: yours if he jumps ship, or another brokers if he stays with you after he's already committed.Second, although it may be "just business" to try to get a better rate after a signed commitment, it speaks to a lack of integrity.

My question is, will credit reporting software programs like FICO have to be rehauled to make adjustments for marks on the credit that have occurred as result of the financial crisis?

One thing I'll add is some "creative tactics" that others (guru types) have suggested to use - but that are truly harmful when it comes to REO acquisitions.

If you're lucky, the two separate layers will stick together for a while, but there's always the possibility of the two separating and peeling apart, especially if water works its way in between.Light sanding prior to a second repair coat, as Ryan says, helps rough up the older cured coat and gives it some "tooth" for the new coat to grab onto, but the two coats will never fuse together as one, such as occurs with lacquer or shellac.