In the three short years we have owned our condo, like good homeowners, we have paid all of our monthly maintenance fees and every one of our mortgage payments along with our taxes, and we are being forced out of our homes.

However, I don't see why Farve retired in the first place, only to be back shortly thereafter.

If anything i'd imagine they will either borrow the money to be compliant or if they don't sell at asking price they might get a short sale or something of that nature.

I am a first time buyer and dealing with short-sale for a house in NY.

Its not even fully operational yet.Basically its has to do with Sports and Music.

Forget flipping and short sale.

Short sale in your area should be great!

I am new as well so not the most knowledgeable but I will be ordering that book very shortly.

50% LTV70% LTV90% LTVIf you own a house outright and get a low interest 50% LTV first loan on it (not an equity loan)...use the money to buy a great deal @ 70% of value...and make sure it is an easy rental (3bd, 2ba, SFH,etc) put the money you borrowed down on the new place to get that loan at 50% LTV...it would be hard to loose your shorts.

Long story short, we had been watching this REO for about 5 months as it went under one contract after another.