i didn't follow up as i chose not to pursue the property.i work for a lender and they apparently still do loans as low as $30k, but i'm an employee so their programs are different.my thought is that if it is in an area w/low values, someone has to be out there lending.my advice is to get in touch w/a great local mortgage broker.

Iam working on lease option programs in SD..

However, my new problem is that my job involves traveling away from home for 1-5 weeks at a time, and then only being home for 1-2 weeks, so this is going to add a challenge, but I'm going to try to figure it out as I go.

I would also look in to the state and fderal funding programs.

Most of them try to sell ther packages by making people believe that they can become multi-millionaires in a very short time period without doing any work at all.So now that you've figured out that it is a lie and that actually there is a great deal of time and work involved in real estate, stop trying to get your millions without working and get to work and put some time and effort in.I don't think real estate is hard.

Even if lenders work out programs, or Hillary freezes foreclosures for 90 days (whatever that means), it will only affect a subset of the people in trouble.

They signed up 6 people who will participate for 6 months in their program for free and work off the cost by short sales.

I had a bank that I had been working with that offered rehab loans… Due to the mortgage mess that is going on, they have eliminated the program…Anyone able to broker loans to lenders that still offer rehab programs?

I love moderated forums as you can really get good info and not just adds and spam and trolls.I am a commercial lender that is very much involved with a downtown revitalization project and am looking forward to swapping ideas and thoughts with others in the "biz".

I've only been involved in this for about 1.5 weeks, so let me know if I've left any important information out.The investment group is an LLC operating out of CA that does redevelopment in another state.