I never give a valid email on a site that requires one.

Read those threads, as well as a sticky thread in the General Real Estate forum called "Validate the 50% rule".

If you contract on a property, legally you have the right to purcahse it while the contract is valid.

I believe this gentleman and his wife are going to buy.What needs to be said is that this is the equivalent of penny stocks - so your comment about making money is perfectly valid.

MikeOH - your points are valid and I certainly don't dispute them.

just wondering what the ideal humidity is inside a home in winter time when the gas furnace eats up all moisture??

They may nix the loan because they think (with some validity) the original price is the true value.

However, the target of your scorn has rights too, such as the right to force you to prove the validity of your accusations.I'm sorry you are appalled at the responses here.

Michelle Malkin's comment that if Hughes "had more time, she probably would have remembered to ask Obama to fill up her gas tank, too", cracked me up.Of course my amusement, is insssssssssensitive.

While it is obviously a valid strategy for the pre-foreclosure market as Nick explains, I stay away from that area for the most part as I had my fill of delinquent borrowers as a former loss mitigator.