Detroit is block by block and the neighborhoods outside of Midtown and downtown are in rough shape.You mentioned Lapeer.

The teaser rents will likely reset to unadvertised rents higher than what he is currently paying, which is the point of the discount, to get someone moved in and adjust them to a much higher rent down the road.He's going to be a pain at renewal.

I can think of 4-5 houses he lived in on the same street within a block of each other.   

Brick/great builder/good location.Ten blocks up there are two huge twin condo developments that made the statement to the press that they're not pre-selling 223k range units as expected.

Can't wait to get a reply on this as this was my biggest stumbling block too and am about to talk with someone in foreclosure as well.

I used to be a stock trader, so I feel your pain (or at least high blood pressure).

example: where i live, its a neighborhood 2 blocks from the campus of a big 12 university.

Also, in a market that is hot with cash buyers lined up around the block to buy it on the spot with no funky terms it just won't work and why should it since it may be more work for the seller?

We seem to feel the pain for a short time and go on - we really need to remember that so many people lost their lives and loved ones on 9/11/01 and it was a horrific event in our lives.I agree, we need to be a more understanding world.

People will pass away no matter what the market and probate pain relief will always be in demand.