Also, all title companies vary but some may be a bit more suspicious of the assignment if it doesn't Spell it out in print.Bryan- You are absolutely correct in your posting.

I know these are broad general questions likely to have varying responses but I would like to see these opinions from those that have the experience.Thanks

If you're in a market like Detroit, with a continuously declining population, then regardless of how cheaply you buy the house, it may still be a loser (because you can't keep it rented).Mike

Laws vary state by state, but are you sure you need to have the contract notarized?

I know it varies...just want to get an average amountThanks

The terms of the loan vary according to the HUD/FHA program under which the mortgage is insured.

And your 'education' will be continuing!

Welcome to BiggerPockets.I hope that we can continue to be helpful to you in your quest to become a successful real estate investor!

Have enjoyed reading a lot of the questions, & the thoughtful & varied answers especially!

As the sub prime crisis continues, there are an increasingly large number of Americans who are facing this situation.Loss mitigation is a method through which one can stop the foreclosure of their home.