Can anyone give me any insight on the program?

Hello all,Has anyone out there tried Preston Ely's coaching program or heard anything about it?

I strongly disagree with Tim that appraisals are worthless a good unbias appraisal on a peice of property is worth it's weight in gold.

Now if the property was worth say $275 and the mortgage was $250 they might still take a small loss and sell it for slightly lees then owned (Say $240) because when you add on the foreclosure costs and the re-marketing cost they might still come out ahead or at lest even and it would be done now not later.

That's almost 50% loss in US dollar value....

The profit or loss is what you owe taxes on.

But you can go to the HUD website and guide your way through their programs and they will tell you what you need to know. www.hud.gov

Judgments are collected on a percentage basis.If you want more info let me know.LeftyLONG STORY SHORT: A bad tenant owes and causes damages/loss to the tune of over $5000 and fled in the middle of the night.

If its non-profit, you should be able to ask for anything.How great would it be if you were able to provide a housing program, and work out a healthcare program with a provider, specifically for this non profit organization.

If you're smart, you'll get together with the other owners, let them know that if they choose to have an hoa, they will suffer the loss of their constitutional rights, the fact that their home will NEVER TRULY be their home, there will always be a lien against it that can and will and IS being foreclosed on in many areas/states, and that a few people will have control of what they do to their house.