Thank you to all who contribute.PS: This is also the kind of stuff I look forward to when sitting around the table at Denver in 11 days!

I've been to a few meetings here and the first thing you see when you enter are the tables with the upsells.

May be the who leaves the home can help pay the mortgage and it become a liability when that house sells to be repaid.Without knowing alot more about what the particulars of the assets are, I can't make any suggestions, but I'd suggest you get creative since it doesn't sound like you want to take a hit financially, you're just upset with each other and have decided you can't look at each other at the dinner table.

I just bought a property for 20k and table flipped it to a retail buyer at a little less than 30k, AVM should of been a little closer to 35k, but I think this property fits into what you are asking about.Anyways, this particular house sold for 40k back in 96 and resold in 04 for 75k.

For me it has been positive.Many immigrants are fixing to leave and are selling of businesses.They built a model on paying under the table etc. so there workers 100 would be 100 versus our 100 after everything is taken out 65 to 70 bucks.Many restaurants with the new reform will not be able to maintain profit margins with the new costs and will simply sell off or shut down.I am getting commercial short sale listings with immigrants leaving the country.On the flip side I hear landlords worry when a majority of tenants are immigrants.They feels they might go to being full to a huge vacancy and cash flow problem.Labor costs might rise for contractor rates.It will be interesting to see how this plays out.

Lotta blowing your own horn going on over there as wellThe value we bring is cold hard CASH to the table on DAY#1!

So, to sell, they have to bring $30K plus costs (probably another $15K or more) to the table.

Agreed with Danny...the HUD process seems pretty simple and straightforward compared to typical REO transactions...The big issue I've had is getting to the closing table quickly.

It is interesting that the government has put all their support into a group of people who have low credit scores, need concessions to help close the transaction, and are only required to come to the table with 3.5% down most of which they ask the seller to provide in closing cost assistance.

While it looks like a cabin you'd see at a lake, by a river, or off in the mountains somewhere, it's actually in the North Dallas area and only a few miles from major highways, shopping and entertainment.