/Dec)Many banks for the last 6 months have been testing the market and pricing even the messed up homes at full retail value.Trustee sales over the last 6 months got very VERY competitive and investors were bidding up homes above 80% of value, this caused the banks to try pricing REO's higher.I have no idea if I am correct or not, but I do know that times have been tougher to lock great deals so far this year.

We are casual backyard cooks and entered into a competition that had many of the big teams.

There are many variables that influence your insurance cost.

You have less competition, but you also have less margin of error.

Lying or intentionally misleading an appraiser is an attempt to influence the appraisal, IMO and is a violation of law.Marketing is nothing more than legalized deceit, so long as you don't make false claims, IMO.

Rates and terms (so far) look competitive.

The big REI insurer that you hear about all the time (nreinsurance.com) was not at all competitive for my portfolio, as I recall.

Doing so you are smarter than 90% of your competition.

I would imagine its pretty competitive, but definitely offers High Rents with High Occupancy!

. :)Now you all know why I am so successful in this competitive market!