I saw a couple of posts on the site asking about the appraisal process so I thought I would give you guys info from the source.

Based on what I've heard from various trusted sources, many feel that there is still substantial downward price movement to come in this market.

My partner had a 660 to start, which isn't great but was the min FICO for the loan program.

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Family, friends, agents or various sources and the local press.S CA has had three down markets in about 30 years.

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..

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

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.