The town probably has a population of 5k-7k and it's in rural PA but close enough to a 20k population town that suspect is where most of the residents work at.I feel like the media is trying to help kick start people into thinking the housing market is at it's bottom to get people buying again but the stats I get from my local Realtor on absorbtion rates, DOM, and prices says it's not near over yet.We also haven't seen the mass majority of the option arms begin to reset yet, that's another 2 years away until that wave gets here.

They have painted themselves into a very dark corner.

I do not currently have any properties besides my primary residence and am looking into getting my things together (bandit signs, business cards, etc). should i contact them now, wait till I get my LLC set up?

I am also seeing people who are upside down, but who can rent the house for more than their payment, decide to rent their personal residence, to feed it until appreciation comes back, and they go buy another house to live in :clap: at the current low prices.

If I purchase a home with the FHA program and I am not going to be living in that residence, is it possible to purchase the home that I do plan on living in with FHA.

I bought my first "cash" deal in 1989 and the only mortgage since then was for a personal residence deal that fell into my lap when I wasn't looking and was a bit cash poor, with a sh** pot of income.

It's a sign of growing residence and a need for more merchants...whereas residential land in this same type of area may or may not become more valuable.

I have seen two foreclosed properties where the residents who are loosing the house deliberately sabotaged and otherwise damaged the home.

Will the lender be able to come after our primary residence if we just let them go to foreclosure”.

Thanks in advance.Live in it as your primary residence for 2 years out of 5 - this will avoid the entire tax.