My broker tells me cash out is limited to 70% LTV.

I have heard that, as of August 15, Fannie Mae and Freddy Mac have limited an individual to 5 mortgaged properties.

Keep your balance under 50% of the limit at all times, below 35% is even better.

In many states, single member LLCs do not provide this kind of protection.If you are the only member of the LLC the court can and often does seize assets from the LLC to enforce a judgment.The best way to protect yourself from personal liability is...1) Don't screw people2) Maintain liability insurance - an umbrella policy is very cheap.YMMV of course.

The agency would likely temporarily run Fannie and Freddie and continue to implicitly back any liabilities until the two companies' financial standing was strengthened.

Unfortunately one month is our limit here in the Granite State.

Being in Alabama and smaller proeprty may be an issue --also many banks do not like smaller loans -- I am a Commercial Mortgage Broker and limit myself to $1.0 million up- same reason - I spend same amount of time and do not make enough on smaller loans - Please send me email -if it is still available --with info You just have to try to sell your self- through Real Estate Investors clubs and online Free ClassifiedsGood Luck

If the $329K value is accurate (only you can establish that, an apprasial, especially one you don't pay for, is of limited value), then you should apply the 70% guideline.

It appears to me that this will cause the banks to limit the losses they are taking on short sales, so that it will be much harder to get good deals on them.

Real Prospect is limited in formatting so I typically just use Word.