You need to know the expectations of the seller.

Not sure what they were expecting for $550 a month, but it is actually a very nice home.

He is expecting 3-4 months for the work.

I believe they expected the market to continue indefinitely.

Once we made the decision to pay all the properties off ASAP it has been easy to save the money because we have a very tangible goal and it is taking much less time than expected.

No more extensions, nor would we simply go away, and he could expect to explain the difference between what had actually happened and what he’d been telling us and, and further explain his legal opinion of their rights in any action we might take to enforce the contract and claim damages.Two days later we closed without the deed having been recorded.

Can I expect to see a house in need of dire repairs?

In current condition (apartments need rehab) I would expect fair market value to be around $225,000 based on the bank pricing 10% below fair market value in order to move the property.

BPOs-but do not expect to be paid in a timely manner from some companies.

However, Fannie Mae finanlly posted their announcement of their expected change on 9/5/08.