The situations that you bring up in your posts are really sad.

New to RE Investing and have been keeping up on the latest financial situation(s) regarding Fannie and Freddie.

If your lives turn bad again, you'll end up dragging him into a bad situation with you.If your dad really want's to get involved with real estate, let him do that on his own.I'm not an expert on credit, but I don't see you getting from high 500's to a level where you could get a mortgage in a year.

But remember it’s not always a price and building when buying international (overseas) one also need to check the climate, political stability, economic conditions, health care, letting potential & law n order situation.

Then once it makes its way to the underwriter, I will inform him/her of all backup offers that have been made.Also, I inform all the buyers that their offer is one among others that will be disclosed to the underwriter and he/she will choose to accept it or not.I wouldn't put anyone in a situation where a lawsuit can be filed.

MikeOh has great points: The current situation was not caused by free markets.

The double standard will continue.There is always irony in any situation.

I figure if I could find a killer deal that maybe it would be worth it to pay an extra couple thousand and start now instead of later while still realizing what Jon says; of knowing if you can make it work or not at the worst situation.

I'm in a similiar situation dealing with an agent that slow to respond.

My situation is a two year contract amort over 20 yrs, 7% interest, with 6% down.