Its also going to depend on your financial situation and the property.You might be better off finding somebody local to LA who has closed short sales in your area.

They followed with austerity measures that many say today worsened the situation.

I believe that this current situation is temporary and real estate investing will be even a better opportuinty in the near future when the "dust" settles.

Anyone have any insight on this situation that would calm me down?

coming onto BiggerPockets asking for help with their foreclosure/refinance/creative sale of their home, has really increased as a result of the current market crisis.I haven't been on this site for very long at all and I can tell there is a sharp increase in the amount of people the log on and immediately post their 'situation' regarding their over-leveraged properties.

It's a classic he said she said situation, and I'm not sure what else I can say (or beg) to make any of them open their wallet.

I think it should be obvious now that the economic situation we have gotten our country into is a much greater threat than any military in the world.

So basically in order for a deal to go through, the seller will still owe money and would have to get some other type of loan to pay off their mortgage.Are others running in to these type of situations?

So don't be so upset at people trying to stay in their homes and get a fair shake from the lender...it actually HELPS the overall situation when a lender does this!

I am looking for an attorney who can think outside the box and provide all options (choices) to a real estate law situation along with possible outcomes upon execution of the options.