I am assuming it is not.

At the lower end, and this is definitely lower end, you will want to assume a higher ratio for expenses.My girlfriend says zillow.com gave a FMV of 39 grand.

Now, if you mean they assumed they could refi out of a bad loan, then, at best, they fell prey to the same overly optimistic outlook as many others.

I am cautious because I do not want to assume the laws of your state and give you any wrong information.As far as collecting $3,000, and your fee being $2,000.

Assuming its nothing buy sheetrock, paint and carpet, you're looking at $10K+ to fix that mess.

He would obviously still have the mortgage on his credit - I assume this would significantly lower his possibility of buying a new place and maybe even his ability to rent a home?

I assume you are talking about Preforeclosures...

If you take every backup offer that comes in and send it to the lender (assuming it's higher and/or better in some way) it could potentially lengthen and complicate the bank approval process.

I am going to sit back, relax and allow the hard left in Washington to assume that they have some sort of super mandate and overreach like they did in 1993 and 1994.

I assume there is a lot of competition here as the few "hot" listings that I have seen sell within a week.