A Canadian will have to chime in to confirm.All lenders or creditors who report activity are able to have anything they reported removed from a credit report.

Keri,:welcome:It is good to have an active REO broker on the forum.You might want to fill in you profile a bit more so that people can contact you or better understand your business.

During stressful times its easy to let your emotions take control of your logic and that can lead to trouble.

I'm new on this board, and haven't been active very much, but I will definitely update my profile.

He is a practicing attorney (CO and NY) plus active RE investor.John Corey

If it is an active foreclosure it could be that there is equity in the property and the seller is willing to carry back a second....If the list of "foreclosures" is actually a list of "REO's" then the lender/owner could be offering financing terms.

The sales activity has slowed but not all that much compared to last year.

You earned nothing and have nothing to deduct.You might have had expenses (driving around, fees already paid and not recoverable) that can be deducted.The simple version of the rule is money actually spent on business activities might be something you can deduct.

Take active investors to lunch and pick their brain.Once you do this enough you will have a sense of direction.

Hill said McLeod told investigators that he "started out honestly but along the way began skimming the equity" from refinanced homes.McLeod, 31, of Gaithersburg, pleaded guilty to felony theft, embezzlement and prohibited activities while acting as a foreclosure consultant.