Americans have reduced our household debt by over $800 Billion since 2008...I agree things are looking better than back in 2008, but your stat above begs the question, "Is some significant portion of this debt reduction due to Americans getting rid of their personal mortgage debt because of foreclosures?"

I think it works in your favor to list. 1) you can show there was a reasonable effort to market the property with the previous list agent and THEN LIST BELOW THE LAST LIST PRICE 2) BPO agent look at listing history and list price when determining value, so if that figure is in line with your offer, you have a MUCH stronger chance of having the BPO come in where you need it.3) a list agent will do incremental price reductions. this again all builds a case for a listing history.

The wholesale fee is charged to the motivated seller in the form of a price reduction.

I have been waiting for someone to post the magic pill formula for instant bundles of cash.

It appears the properties out there now are sitting longer than normal (showing some price reductions), but once the snow is gone, stuff will start moving quickly.  

That coupled with less reduction in cash flow makes it easier to weather the storm.Some of the new technologies enable a major reductions in expenses e.g. submetering, and enable some pretty interesting valuation increases very quickly.

For example, if you bought it for $135k with 25% down, your mortgage balance would be around $100k (75% of $135k, less a modest amount of principal reduction from your mortgage payments, which are mostly interest in the first year). 

It's NOT a magic pill and it will not evaluate a deal for you. 

. :-)Was able to acquire more property and simultaneous close the purchase and refinacne as part of the refinancing using the existing equity as a down payment----------------------My Two Bits....In Washington a local community bank will do the same loan portfolio with cross collateralize multiple properties -- multiple 1-4 family with a $250,000 minimum30 year amortizedRates between 4.75% to 5.375%5 year or a 7 year term commercial loanFees under 1.75% - No junk fees --No legal review --No jacked up insurance requirementsNormal 1.20X DSCRWhat I like1) I know the banker well ....so getting him on speed dial on a Sunday helps2) Insurance is normal --No extra  LLC policy -  No legal review fees3) Deed releases  and per property sale figures and required principle reductions figured in upfront....and written into the loan so selling properties are easy-------------------------------I would go there first....if you file any kind of taxes (4506 needed)  as the underwriting is based on rental cash flow My two bits discounted for inflation is now only a penny for my thoughts...Richard Scholtz

- In MD you get a reduction in your transfer/recordation taxes.