Karen Margrave, well, I never ask a lady's age, but that pic has to be of your daughter, that's no 60 year old!

Some listing agents will list the short sale at around the BPO value, some will list significantly lower in order to attract a buyer and others will list significantly higher if they're trying to protect their client from deficiency implications.Ignore the list price and offer what you it's worth as an investment to you...

The numbers sure look attractive but I'm afraid of long term appreciation of something soooo old (I haven't see anything younger than 1950, with majority of homes under 50k there falling between 1900 and 1930).

The owner was a very nice but very old lady who came dressed as though she was going to church, resplendent in a large hat with a lot of decoration.

Any recommendations on cities or areas that attract visitors?

It is attractive for the home owner because we will be saving him from bringing a lot of money to closing, and it would allow them to get out from making 2 payments each month.

I'm okay with PMI if I can get rid of it later.I won't have something by June 1st, so FHA is getting less attractive.

Sounds like a property you may not want... but to answer your question, you can add collateral to the second to make it more attractive.

As I wondered in and out of the presentations then went on one bus ride.I met the following people.1. a lady from Oakland CA.. who took the course 4 years ago and said she is making money flipping in Oakland and Richmond.

We get calls all the time from people (often in less populated areas that are not attractive for investors) and they say: "I will GIVE this house to anyone that wants it.