In my experience PMs are not as diligent as you will be, ever, because they don't have real skin in the game.

My in complex in that I have built in bumps for both the lease amount and the purchase price that are tied to the cost of living index in the largest metro area that adjoins the park...

I dont know if the value of anything that anyone owns is ever under their control..............but I think that the answer to the question on the topic is obvious....Developers are holding to property longer because of the overall institutional freeze on lending and credit markets, and the effect that it has had at the retail level.

I know it's dishonest, but I don't think I have ever seen loan paperwork that required me to say that I wasn't obtaining other loans at the same time.

There are so many SS and foreclosures, it will take years before the value comes back, if ever.

Just like many hi tech companies will never again see the valuations they had in March 2000, nor with the market for these stocks ever return the frenzy of the late 90's.Folks who bought houses or refied at the peak are going to have to suffer some pain.

I've asked my credit union over the years about investor financing--they just don't do it and they're the largest credit union in the state.

According to Reuters:Washington Mutual, the largest U.S. savings and loan, was closed by the federal Office of Thrift Supervision, and the Federal Deposit Insurance Corp was named receiver.

If they find a FSBO for me I typically will pay the fees to them (what ever the minimun is).

I dont know whats going on but everyone is looking in the wrong place to fine foreclosed properties.Man I went through the same thing then found the servicer direct, will notplay in the auction or builder buyouts ever again.