When was the last time you gave an agent anything other than pay for work performed?

And when the housing market turns around, the value of my properties will improve dramatically, so I want to buy while the market is bad.There are exceptions to every rule, of course, and we haven't bottomed, but in twenty years I think that buy-and-holders who took advantage of this environment will be glad they did....

You improve the value of flip before taking title.

They maybe make plans for their next deal or some other way budget for the cash coming in.If the buyer fails to perform the seller has lost time, incurred holding costs and maybe missed out on their next transaction.POF is not fun but it certainly serves a purpose when you are selling.John Corey

There are steps that need to be performed.

The original homeowners use that time to build their credit or otherwise improve their financial position.

I love learning, and i constantly am learning new things to be able to perform in as many aspects of life as i can.

Wisely so because, to varying degrees of culpability, EVERYONE can bear some responsibility for the core problems.Those now maligned "Hi-Performance" exotic Pay-Option and ARM loans with low teaser starting rates became widely promoted and sold to folkswho had no business using them.

He used to own his one high performance custom auto part shop and rather enjoys the RE investing lifestyle.Good luck.If you have questions find the right forum on BP and post away.Do check for a local REIA in your area as TX has some laws that are rather different from the rest of the US.

Bill,I find that most lenders will have a "reinstatement amount" that when paid will return the loan into a performing status.