you literally have a split second to get their attention or your postcard is going straight into the trash.By being provocative or controversial you can dramatically improve the chances that your postcard will get looked at.

If anyone has more info on liens, I was told that any second mortgages and other liens are wiped out at sheriff sale.

We have a first and second mortgage.

In addition, he had a second loan (100% financing) held by the same bank.

They may want to pursue them for that.The second would easily take a short as they are 100% upside down.

Also, homeowners in default vacate their houses for any reason they see fit...mostly because they are done caring about the property...they have to leave anyways, why not move on with their life before they bank evicts them.It is also no concern of the investor why the homeowner chooses to move out.If you can swing it timing wise it is a good deal for several reasons...the house doesn't sit vacant....you have somebody living in it that knows the deal (you disclose to them exactly what is happening and charge them a monthly rent below market value)...they can show the house for you if need be...the utilities get paid...and the investor can make some positive cash flow while negotiating...let's stop pretending this is hurting anybody...and most of all...dont make me think for a second we are concerned about the lender losing money because the investor is profiting....its the homeowner in default on the hook and nobody else.

I've got a beautiful home in the san francisco east bay area which is of the hardest hit right now in declining property values. anyway, i bought this house with a friend 3 years ago and our intention was to stay for a few years and get out. now we're stuck and although we're not in default, we both want to get out from under this deal as soon as possible. we are currently in the middle of a short sale process, but have two lenders and the second is not happy about the thought that countrywide isn't gonna give them any money.

Im working on a lease option right now with a motivated seller.There is problem though the house is worth 215k but, they have 2 loans the first one being 177k and the second one being 25k for a total of 202k.These people are really motivated and said they would let me have the house for the first loan balance.There payment on the first mortgage is 1150 a month and the total between the two is 1300 monthly.

But stillI can not refinance, I can not get home Equity line of credit,(because banks don't give on investment properties any more even on the ones that I don't have any mortgage.I can not declare any of them as second home because all of them occupied and I live close by (according to guidelines) I applied refinancing for one of the properties that I don't have any mortgage on.

Second, the premise behind loan modifications are that people can afford a lower payment.