The bank transfers the loan to other real estate owned at its expected value and begins an effort to sell the property.

If I were to try a Lease Option for say 2 yrs, I expect an Owner to want at least 6 or 7 appreciation. i may make a little on the rents and some on the option; however, when I sell, if values have declined or staid steady, I will not come out ahead.

I chose this method of selling oven using an agent only because I refused to be tied into the RE contracts being offered here locally.Remember that people sell at auction hoping/expecting to get a higher price, while people BUY at auction, hoping/expecting to pay much less than market value.

So I hold them expecting them to double in value about every 7 years (based on historical stats) and rent them out.

Typically what kind of terms do the owners expect if they were to lend you a % of the building?

One reason for this is the lenders willingness to work out a modification with HOMEOWNERS Notes Deeds Conveyed •The lenders taking back deeds this month are the primary drivers of REO sales within the Market •Expect more downward price pressure in high foreclosure markets where there is proportionately lower sales activity.

They will also expect a significant amount of earnest money with the purchase contract.

I am a lender on the east coast and I can walk you through your options and discuss more about what to expect with any hardmoney lenders.

Now the Treasury Secretary is expected Sunday to announce a plan to take Fannie Mae and Freddie Mac under government control.The mortgage giants are expected to be placed under a "conservatorship" of their new regulator, the Federal Housing Finance Agency.

The problem with FSBOs and unrepresented buyer is that both parties don't have expectations for the contract, and should there be a problem during inspections, title work ,ect you may get screwed.