True, banks are re-negotiating may bad loans but it's impossible for them to stop all or even a decent percent of foreclosures.

It's sad to see the promo pictures they use of some of these homes over a year or so back and then see the current reality of dead lawns and bad pools.

Then, we got into a bad lease to own deal and lost about $5k (option and monthly credit) on a house that ended up losing so much value that we couldn't purchase it.

MCCAIN OBAMA Income Avg. tax bill Avg. tax bill Over $2.9M -$577,148 +$699,872 $603K and up -$109,214 +$121,689 $227K-$603K -$15,877 +$942 $161K-$227K -$6,322 -$2,796 $112K-$161K -$3,736 -$2,135 $66K-$112K -$1,487 -$1,264 $38K-$66K -$608 -$1,118 $19K-$38K -$259 -$892 Under $19K -$65 -$567 Now the formatting is bad, but you can see that McCain lowers the taxes on everyone.

There will be more costs, but you may have less out of pocket.OTOH, having a 10% down payment ($2600), closing costs and $3K in rehab isn't too bad.

I've consistently heard bad things about them.

Like 4B2B, good location, fenced in yard, good schools.If it is not something attractive, say a 2 B or bad location, try advising the person on seller financing, like LO or Seller Carrying a 10% second.

Unfortunately, it only takes one bad apple to spoil your day!

Bad experience with RapidFlip....Used their 'no credit check program' and it was a disaster.

Either way, the economy will be bad for a few years.... it's part of the larger cycle....