If you are unlicensed you won't get into Equator which is their main platform to work the short sale.I am not a fan of HAFA because the "lender" sets the list price and it's usuallly grossly inflated.

One of the most influential books I have ever read is "The Millionaire Next Door" If you have not read it then give it a go. It is great...

For those that have not read it, one term is Economic Outpatient Care (EOC)...

Inflating a sales price and doing fancy things with financing is what gives real estate investors a bad name and causes state legislatures to pass nutty laws to curb abusive practices.

If inflation rises above 5%, lenders will be losing money on these motgages.

Now we've increased the debt ceiling another $2+ trillion so this will only add to it combined with the bond interest rates which are sure to rise I'm sure we'll be at 50 cents on the dollar and in a real pinch soon unless somebody starts doing some serious cutting.

Remember, properties wereeasy to buy and inflation was 20%, imo.

In the FOMC statement they say "The Committee currently anticipates that economic conditions--including low rates of resource utilization and a subdued outlook for inflation over the medium run--are likely to warrant exceptionally low levels for the federal funds rate at least through mid-2013."

If they start taking guns away, I predict "The south shall rise again!"

The problem is what is the amount needed to fund that, not knowing # of offspring, inflation rate etc.

Property flipping is not illegal per se; however, when an immediate resale is attended by acts of fraud or misrepresentation, including but not limited to, appraisals with inflated property values and other misleading or fraudulent documentation, it can result in a predatory transaction.