There is trust needed on both sides of this transaction for sure.This is where having sellers with the proper motiviation comes in handy - takes some of the "trust" issues off the table is they see no other way out (or if there really isn't any other way out).But her fears are real - I wouldn't just discount them I would understand them and make sure she understands you get them - becasue it is 100% true if you walk from the deal (and she would have no control over this - she is placing all her trust in you - a stranger) then she is right back where she is now....The "good" news for her if there is any is that either way - she loses her home now or you lose it for her later she is in the same spot - at least with you she has a chance.

It wasn't big news and still is unheard of today for one reason: no government involvement.

With hard money loans, I can get up in the double digits.

Good news is he's out, but the judge said "good luck getting your money!".

Well the good news William is that there are about 1,000 other deals in the metro Detroit market just waiting for you to bid on.Sorry you didn't get this one but the positive to take away is that you bid what you thought was the right number.You don't get them all - don't second guess yourself - in today's market bidding $1 higher then you think it foolish - so many other homes out there.

After talking to the listing agent, my agent came back with the news.

:roll: http://www.manufacturing.net/News-White-House-Witholds-Car-Sales-Data-080409.aspx In a way....why not?

J Scott,I think it is a strange time to be expressing Free speech and the right to use that..People exercising that right were labeled some really nasty things on news shows by news people..That speech about Tea protesters ..Now we have town halls where citizens are expressing their justifiably so, deep concerns of a Government takeover of all of our lives, literally, with this massive reform.Obviously people are scared, so many have lost jobs homes and for allot of the self-employed dried up lines of credit even advertisers have felt the cut back..So free speech is only free if you get to use it..And what price is attached when people that are telling their names and where they are from at these mob and nazi townhall Q & A are receiving calls in the late evening hours threatening them.And least we forget Joe the Plumber only asked a question and he was nearly crucified by the media.I do not get your how far we have come unless it is about carrying..

with employment close to double digits and no signs of going down, I don't see how housing could be recovering.

Wall Street economists expected a drop to 550,000, according to a survey by Thomson Reuters.http://finance.yahoo.com/news/Mortgage-delinquencies-hit-apf-1442009590.html?