There is plenty of pressure, preventing rates from dropping further.

The low income housing has kind of dropped in price and giving a lot of investors grief on trying to refinance/sell.

Don't you know or remember the little disclaimer phrase of "RESULTS NOT TYPICAL".I have had some short sales where the 2nd position dropped out and the first really went low as well.

Feel free to drop me a line and I can fill you in!

I don't think you need to buy at 70% of a discounted value, rather, I would recommend that you buy at a wholesale value, 50-60%, in an area of town that you know, through some help with a realtor and MLS data, that the rents and values have not dropped as much as in other parts of town.With gas at $4 a gallon, it does not take a rocket scientist to figure that if there are more jobs downtown, people will want to live closer to downtown.

That means the dollar drops a lot more and oild rises even higher. 8)

It has a drop ceilng so I have access to the top 10" or so of the walls.

He responded my telling me that was the height of the market and prices have dropped around 30%.

This way you can always " add and drop" taking advantage of equity build-up as a Seller to a wider market of buyers-As a Buyer improving your holdings with better "liquidity" at hand.

I'm happy it's inconvenient for the guy that wants it dropped in his lap.Serious investors will figure out what data is important, create databases that include the important fields, and either take a laptop to the data place (aka courthouse) or delegate the job to another to research and collect.And then the real fun begins when you create direct response marketing campaigns to reach and convert these leads to prospects and then monetize them by doing deals yourself and referring out the off-target for profit.