I think once we get through the historical seasonal downturn of winter, we'll start to see some local improvements in various large markets.While the economy has seen growth the past 3-4 quarters, the fact that employment is just starting to trend up is going to have a big impact on home sales, and in general, the more houses that are selling, the more stable the prices are going to be.Again, I'm no expert -- and I think we still have plenty of economic issues that will continue to plague us until they're adequately solved -- but I just don't think we're at risk of another major market drop in the next 12-24 months.

You can find the article on CNN at http://money.cnn.com/2010/04/22/real_estate/foreclosure_credit_score/index.htm30 days late: 40 - 110 points90 days late: 70 - 135 pointsForeclosure, short sale or deed-in-lieu: 85 - 160Bankruptcy: 130 - 240Using the above as a function of credit impacts from late payments + impact of foreclosure/short sale/dead in lieu, how does your experience compare to the numbers in the article?

They broke 3 windows including 2 window frames, 1 door, nearly destroyed the new carpet, there was human feces in the bathtub, removed a ceiling fan, knocked several holes in the walls; drew on the walls with permanent magic marker, etc.

Or there will be little tax impact and there is just the admisntration issues.Get tax advice from someone who knows the RE laws and tax details for the states involved.Originally posted by "HometownProperties":2.

You are seeking entity financing---something like this one:Documentation: No Ratio, No Documentation Main Credit Score: 400 Credit History: Very Poor Debt to Income: N/A Occupancy: Owner Occupied, Non-Owner Occupied Loan Amount: $200,000 - $50,000,000 Lien Position: 1st Mortgage Cash Out Amount: $50,000,000 Loan Purpose: Bridge Loan, Purchase, Rate and Term Refinance, Debt Consolidation, Cash-out, Heloc/Line of Credit, Construction, Forward Commitments, Equipment Purchase, Unsecured Loan, Business Loan, Equity Capital, Venture Capital, Credit/Asset Enhancement, Takeout (const-to-perm), Home Improvement - Value After Improvements, Rehab, One-Time Close (const-perm) Property Types: Five Plus Units, Mixed Use, Farm/Ranch, Condo-tel, Retail, Warehouse, Raw Land, Hotel/Motel, Office, Care Facility Housing, Special Use, Industrial, Gas Station, Other Commercial Types, Office Condo, Non-Warrantable Condo Rate Types: Straight Fixed, Adjustable, Hybrid Amortization: 5 Years, 20 Years, 25 Years, 30 Years States: AL, AK, AZ, AR, CA, CO, CT, DC, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY, International Special Features Drive By Appraisal, Borrower is a Corporation, Borrower is a Church, Borrower is a Trust, Borrower is a Foreign National, Non-Permanent Resident Alien Allowed, Borrower Owns Over 10 Properties, Mortgage History Only Reviewed, Bankruptcy May Remain Open - Ch.13, Bankruptcy from Filing Date - Ch. 13, Currently in Foreclosure, (bailout), Borrower with NO Credit Score Allowed, Score Only, No Credit History Reviewed, No Form 4506 Required, No Reserves Required, Gift Funds Allowed, No Mortgage Insurance Required, No Seasoning Required on Funds to Close, No Prepayment Penalty Required, Interest Only Payments Available, Less Than 2 Years Employment, Self-Employed, Non-Recourse Allowed, Recorded Land Contract Allowed, Unrecorded Land Contract Allowed, Less than 12 Months Seasoning Refi, (using purchase price), Leasehold Property Allowed, Less Than 2 Years Employment, Wage Earner, Rural Property Allowed, Seller Seasoning less than 6 months Allowed, No Minimum Number of Trade Lines Required, Less Than 12 Months Seasoning Refi, (using appraised value), Lease Option Allowed Regards,Scott Miller

Higher consumption will drive up demand for loanable funds, impacting the real loanable funds market, shifting the demand curve to the right.

Having your portfolio should heavily impact his judgement on you --in a positive manner.   

How will this impact investing?

@David Krulac I guess your area was less impacted by the downturn than our area was.  

BTW, if you get involved in any seller financed note or installment contract, your cash purchase changes to complexion of an equity financed obligation to the extent of cash paid as a funded loan that can impact foreclosure and deficiency aspects...but that's another matter.Impressed with your recognizing the importance of pre-origination aspects as well as post closing matters.There is no flow chart that I know of for note due diligence as there are infinite concerns that may need to be addressed and the road can take sharp turns without notice.