Seller might not be able to take a loss on it 

Does anyone know of a tool, or software they can generate a statement which includes not only profit and loss, but also a balance sheet?

As posted before, I wouldn't call this a loss, would you?

If you are not classified as a Real Estate Professional, you can take up to $25K in passive losses from your real estate endeavors, and those losses will offset any gains you may have elsewhere.

I have seen this time and again where the wife obtains a loan to buy out the husband and then something comes along, loss of juob, illness or what ever that is not totally devistating but just put's them behind in payments and ultimately loses the house anyway.

Thanks.Some of those incorporate fear of loss too.I know I analyzing it alot, but last time I sent out quite a few postcards and got some calls, but nothing panned out too much.

It makes no sense to get an REO if it will lose money and therefore, one must strive to educate themselves properly to get these REO (or any other property for that matter) at prices which can turn a profit and not a loss!

We went over budget by about $5,000.. we made up for the loss on the flat fee listing end saving around $3,500 on selling cost.Putting the sign in the front yard today, photographer comes by tomrorow.

Whether accurate on my findings or not, I feel the home is now worth somewhat less due to the loss of 300 sq. ft.

Ask if certain things are feasible, or fantasy.