If no more losses are reported then we are through the worst.

., the biggest U.S. bank by assets, will receive a $7.5 billion cash infusion from Abu Dhabi to replenish capital after record mortgage losses.

i didn't follow up as i chose not to pursue the property.i work for a lender and they apparently still do loans as low as $30k, but i'm an employee so their programs are different.my thought is that if it is in an area w/low values, someone has to be out there lending.my advice is to get in touch w/a great local mortgage broker.

Sorry.I've attached the very simple spreadsheet that does the calculation.I think this "1% rule of thumb" may date back to before the passive loss tax law changes.

Iam working on lease option programs in SD..

I would also look in to the state and fderal funding programs.

Even if lenders work out programs, or Hillary freezes foreclosures for 90 days (whatever that means), it will only affect a subset of the people in trouble.

They say they hire former loss mitigation folks from banks (pay commission for their work) and their hope is to do the short sale negotiating, paperwork etc.

I had a bank that I had been working with that offered rehab loans… Due to the mortgage mess that is going on, they have eliminated the program…Anyone able to broker loans to lenders that still offer rehab programs?

We have a realtor that works the area that we live in and he drops off calendars and notepads with a picture of himself, a middle aged, over weight guy with a trumpet in his hands.