Phillip,My quick thought would be to "stress test" your re-fi numbers at higher interest rates (5%-5.5%) because there's a significant chance that 4.5% rates will be long gone 12 months out.Good luck,Adam

I didn't get a chance to talk to everyone in depth given the numbers that turned out but there will be other opportunities as we plan on continuing these on a regular basis.

I'm sure you have thought about this but any chance you could find someone in Denver/Ft.

They have lost their last real chance of keeping the house.

You got a contract once (hopefully quickly), there is a good chance you'll get another one (hopefully quickly also).

Phil,There is a chance you can keep the EM if you can prove you lost other tenants and where the proof comes in at if you can produce sign applications and what would you do if the other side wants to talk to the tenants you say you lost.

I went to do a bid for a deal , cash deal, and the realtor ask for ernest funds to secure deal ...how can I go around ernest money without ruining my chances of defaulting on deal???

Of course the court will give her time to try to fix it but if she cannot do it she cannot.It is possible the court may find she does not have the ability and it is not equitable to force her to sell, but the court must be fair to you too.You might find out how much equity she has in the property and have wholesalers call her about buying and reselling the property.

There's a great group of people here who chances are have been there and done that, all at your fingertips.

As stated by others, Fannie gives a first chance on property bids to owner occupants but some of the properties are not purchased by occupants especially if they don't qualify for a FHA 203K loan.