I do not mind starting out with a personal guarantee, but I do not want my personal credit affected...is this possible?

Although there's no guaranty as to what price the bank will accept on a short sale, it should sell short for whatever the market value is at the time - which I can use as a selling point, BUT cannot guarantee a sale price than is less than what is currently owed.

It could be meaningless.A warranty deed guarantees you're actually getting title.

There is no guarantee that prices will begin to rise soon despite what is being said by the govt experts as they need to install confidence into RE to stall the falling prices.

Originally posted by Ted Akers: I was under the impression that GSE's (FNMA and Freddie) had to participate and that it is an opt-in program for the banks.First page, last paragraph: This Supplemental Directive provides guidance to servicers for adoption and implementation of HAFA for first lien mortgage loans that are not owned or guaranteed by Fannie Mae or Freddie Mac (Non-GSE Mortgages).

You can also agree to guarantee the note even after the assumption, reducing the risk of default to the original seller/lender.

I guarantee, you'll want to listen and send this to others that think there rae only intelligent people are out there.

you seem to have confidence in these tenants...would you guarantee teh rental income for the first 2 years??

I guarantee you that you will learn a lot from your experience, you will feel more confident talking to sellers and buyers, you will know what buyers are looking for in the area, how much they are willing to pay, plus you will add at least 10 people to your buyer’s list and if it’s any consolation, you are better than 95% of people who spend 1000s of dollars on seminars and courses and do nothing.

Totally different story in my market.Here is the way I look at it... with FHA guaranteeing almost 70% of all mortgages it doesn't make sense to artificially limit the number of potential buyers.While FHA requirements can be a pain... as mentioned a lot depends on the lender, I have found that those investors who adjust their business approach to deal with FHA buyers are making more then reasonable profits... quickly.Best of luck!