I hate being the low guy on the todem pole asking questions that probably should already be understood up to this point, but I need clarification on what seller/owner financing is and how it effects both the seller and the buyer and basically how it works?

I'm not sure if short and simple or specific and detailed is the way to go, for my letters to absentees.What do you think is most effective?

I've found that most LLCs that I've looked at have been a revenue generator for an attorney rather than effective protection for the landlord.I never had an LLC for any of my properties, 16 SFHs at one time.

To renovate these houses wouldn't be cost effective.

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.

That's been done away with for primary residences, but I think its still in effect for investment properties.A writeoff will affect your credit.

Click on the video in the link to get his thoughts.http://www.cnbc.com/id/26867866He talks about the dire situation effecting the credit markets last week and the consequences of doing nothing.

I am not the kinda guy who uses a broker.I use local banks in town and have set up relationships with many, even those I have not yet used.Put together a great financial packet and shop it yourself (there are many posts on how to do that or start another thread and we will get into).That said.

Whenever I'm selling a home I always get frustrated with the amount of investors that call me and the first question that they ask is what the mortgage is on the property and if I'm interested in them taking over payments, etc, etc.This actually just happened a couple of minutes ago which is what prompted this email.Just a word of advice:Try talking to the seller for a couple of minutes and building a relationship with them before asking them who their mortgage is with, how much it is or if they would be interested in letting you take over payments.

I think the only thing keeping the dollar afloat is the effect that this crisis is having on all the other countries out there.