Please update us on how this played out.

I get distracted by family and the media.I need to be reminded of my mission and why I play the REI Game to WIN, not to just dabble and waste time.So, I get my coffee, check my email, prioritize my urgent tasks, THENI read this:http://biggerpockets.com/blogs/3/blog_posts/tagged?

Lending will ease, though it may take a while.As a buyer, I worry that the number of REOs available will decrease and their prices will increase, since the banks now have an alternative buyer for their bad loans.As an individual investor, I'm concerned that large companies will end up being the ones to get the properties from the fed entity that's yet to be created.

I am in the process of putting together a team to "play" in the neighborhood selected.

Some individuals send extra money in on their mortgage not specifying that it goes to principle and guess what.....it's placed on pre-paid interest.

They should be ok with that.If you have a buyer immediately, you can then have them send in the check if you play your cards right.

I work with individuals that provide defaulted Non-Performing & Performing Notes in Bulk.

I cant imagine the tenant would win huge sums of money...what sort of civil damages are at play here?

Any individual who us under a assignable contract or an option to purchase has the right to offer their assignable contract or option for sale.

I've delt with individuals from the most of the financial spectrum.