Crime, supply, jobs, etc can all effect the prices.

Effectively, you'd be able to get in with no money down.

If you had friends that were shut down I would guess they were doing something pretty egregious, as it is rare that someone gets the boot without a chance to self-correct first.

Business plans are essential to running an effective business no mater what the endeavor.

They are usually cheaper and far more effective that using agents.

Their concern is, if we take a property back, we have to sell it low enough to compete with everybody else's REO.I feel like we are in an environment where banks are actually self-destructing by driving property values down (dumping their stock).They get into a vicious cycle of lowering property values because they are forced to keep lowering REO prices to move them.

In effect, you are paying for your own realtor indirectly through a higher sales price.

After you get to know him, and he you, you can ask intelligent questions about REO...for starters...and it won't appear self-serving.A source like this isn't only good for REO's...and, in all honesty, in the centralized banking world he probably doesn't even deal with them directly...but what's the first thing a new couple moving to town does?

The main difference between business owner on the right and self-employed on the left is this: If the self-employed owner was to take a 6 month vacation, he/she would come back to find their business was no more.

I am curious if any of you use property websites and if you find them to be effective?