(I had to do that when Countrywide said no but in fact, after I finally found out who the investor was and actually talked on the phone with them, I got approval for $7000.)Also, make sure they state in the approval letters that it is paid as agreed and nothing else is due.But I agree with Tom that you should try to turn it into a rental if you don't want to live there anymore.

Hi Glen:I had a difficulty to log in to the web site, finally it is solved.

I finally decided to look at my own mailing once more.I decided to change the message and make it more personal.It is my wife, son and me looking....etc.

Oliver,To echo Jon's points, the short sale will prevent you from obtaining a fannie mae loan for a minimum of two years while a foreclosure will result in a five year wait before you are eligible for a FM loan.However, I doubt that the failure of WaMu will significantly impact your ability to sell short.

Any thoughts what floor on prices will result?

I have had my credit line reduced by $100k and as a result I wind up passing on deals that I might have considered before.

I am finally in a position to prepare to list my rental, the repair work is about done, then the cleanup.

There was a contractor that used to live next door to my friend that inspired the remodel - new kitchen and added horizontal square footage.Plans from the architect were drafted, turned into the city planner's for review, Comments were made, Architect corrected and then neglected - architect let them sit in his office for 5 months, finally turned back in and then the planning department moved and lost the plans.

On a side note, shouldn't we see some crazy community improvements as a result of the unexpected tax revenues throughout the early 2000s?

Just this week, through well written articles with good analogies, I am finally starting to get a grasp on how serious it is.