Some serious poo poo is about to hit the fan.

These types of investors will normally buy more properties from you than a rehabber, and they normally can buy at a higher price than a rehabber and still hit their numbers.

In screening prospective buyers Im hearing alot of stories about credit taking hits recently.

If they are rehabbed I would run an open house, get them rented out, solid lease in place for one year and hit the refi market again, this time with income.

We are going in with a Cash offer, the money partner will be responsible for all costs associated with the rehab, When the property is put on the market, we will split the carry costs, tax, and electric.

Apart from the difference in the negative effeft on her credit rating "short sale is like being hit by a bus; foreclosure is like being hit by a train" what else can I tell her in the hope that it will knock some sense into her?

Up until the point of the deed hitting the books of the lender, it is a fractional coverage, that they decide.......

if can hit digg front page you can easily get 25000+ visitors :)mixx, clipmarks, reddit are good as well

Try to reach them before they hit lis pendens and the whole world knows who they are.

Fortunately for him his investment in Madoff was not a huge portion of his net worth but it still was a hit...20M plus 8M from a charitable foundation.