I am about to process a Short Sale with IndyMac Bank, it light of what happened to them , with the Feds taking over does anyone know how this will effect the SS process.

As I began seeing how effectively I can do it, and when I began looking at the numbers from investors' perspective, I see there is great potential for me to pick them up and sell them to investors (the margin is there for me to deliver them to investors at good prices).

We will get 4 houses, so each of us effectively owns 1 house.

`(b) Purpose- The purpose of the HOPE for Homeowners Program is--`(1) to create an FHA program, participation in which is voluntary on the part of homeowners and existing loan holders to insure refinanced loans for distressed borrowers to support long-term, sustainable homeownership;`(2) to allow homeowners to avoid foreclosure by reducing the principle balance outstanding, and interest rate charged, on their mortgages;`(3) to help stabilize and provide confidence in mortgage markets by bringing transparency to the value of assets based on mortgage assets;`(4) to target mortgage assistance under this section to homeowners for their principal residence;`(5) to enhance the administrative capacity of the FHA to carry out its expanded role under the HOPE for Homeowners Program;`(6) to ensure the HOPE for Homeowners Program remains in effect only for as long as is necessary to provide stability to the housing market; and`(7) to provide servicers of delinquent mortgages with additional methods and approaches to avoid foreclosure.

Effectively, you have multiple LLC's without having to set up multiple entites.

You really need to have a list of potential buyers pre qualified first for this technique to work effectively.

He risks your running off with an incomplete job and his banking relationship if it doesn't work out or sell.

Submeter Water and Sewer and Trash: By installing water meters and billing the residents back for water and sewer and trash you are in effect increasing your bottom line.

Banking is about personal relationships.

I have negotiated with the seller so that he will allow me to market for a tenant-buyer, and if I find one the agreed upon terms will go into effect.