But in this case I think I'd compare these programs to what comes out of the back end of a bull rather than chocolate chip cookies.Sorry, but I am very negative on these programs.

You need to see what comparable properties are actually selling for in the last 6 months.

Im aware of CCIM courses but they seem like overkill for my purposes.

The bank said this morning they are still deciding on what to do (which means they will probably take the short sale, compared to foreclosure)But how can I get out of the mortgage deficiency?

The IRS will have an imputed interest rate on any note or installment contract for tax purposes, she would have to be a non-profit for the IRS not to place an interest on such a transaction.This just shouts preditory schemes to me, as to how you can end up with a property after the seller dies and stop paying....In all of this time spent trying to answer your questions I'm really disappointed to see that you have not come further than you have indicated, seems many of us have been wasting our time.

However, if this sale is financed by a land contract or a mortgage to seller, and insurance proceeds shall be held in trust for the sole purpose of restoring the property.So, is the damage greater or less than 5% of your purchase price?

to stay local, but since Brian Levredge and J Scott are doing it long-distance I'm keeping an open mind.Investing in rentals out-of-state makes sense to me if you live in an area where rentals just don't cash flow compared to other areas, but is the flip situation similar?

Just wanted to post this quote from an article I read, although I think banks are still ignoring it (as common sense does dictate main goal should be to make sure you are making a good loan that won't default, not that you are not penalized for making a bad loan), regarding it not affecting their default numbers: Banks didn't want their Compare Ratios to rise.The FHA has acknowledged this issue and, similar to how HARP II waives reps and warrants on HARP refinances, the FHA will now exclude FHA Streamline Refinances from its Compare Ratio calculation.

Jake, can't follow the link, but without reading it, I can see the public purpose, however getting between a lender and a borrower may have some legal issues that they may not be able to afford to fight.

I think what they are seeing is competition in the business, more getting into the market who are seeing the possibilities compared to other opportunities. my 2 cents...