Hi my is steven price i'm pretty much a rookie real estate investor i am still looking for my first but i have 3 prospective properties lined up and lucky me there all within yards of each other. Now i did join a real...

If this is the case, any one of the three is on the hook for the entire balance regardless of what they "want" to do.

The outstanding note balance is $235k and the accepted price with the note holder is $200k (84 cents on the dollar).

I have been told by some bank presidents that what they do with their loans depends on whether they originated it in house or bought it with a loss share agreement with the FDIC.With the FDIC they are guaranteed so many cents on the dollar on the loan and they have told me that the FDIC doesn't require them to do anything with the loan until 2014.So investors offering to buy at market for 50% on the dollar from original balance are being rejected as the FDIC is guaranteeing the bank 80 cents from original balance.Many banks are in a "wait and see" approach and are hoping for some recovery of pricing assets but knows a full recovery on the balance sheet is not possible from original loan balances funded during the boom.So each banks situation is different and you have to take advantage in the time period of being vulnerable.I have learned this on my deals with clients and myself.Once you get an approval on a low price with a specific asset manager or board member you have to close it fast.

They Google'd the question or read the balance sheet cost to banks, which was $77k and is not the same as your question, I would presume.

Does it stay balanced through the year or are certain months slow for that type of profession??

Interest accumulated on the outstanding balance only.

If the balance in that account is too much, they can't credit back to that account.....they cut you a check or apply it to the loan amount, usually a check back to you.

Whereas California has laws protecting homeowners against banks pursuing deficiency balances, I did a quick google search and found out that Florida doesn't have the same protection.

The number of homes to sell to return balance to supply and demand determines the depth of that.