This will take time......The good news ......it seems rates will stay very competitive for the foreseeable future.

In any case, I would bet that you wouldn't be "happy to go to court" after the feebs locked your assets & "frog-marched" you out of your office in front of the news cameras.

Would you advise a buyer to wait and save up 20% down and closing costs and some reserves before buying a home when it appears the market is showing some signs of home prices going up in certain areas.Fact is most successful investors I know, especially wholesalers put very little money into a deal, most of their expense is in the marketing costs and there is no reason to hold back on that.I suggest you focus on learning to find the deals, the good news is many of the deals you find will not have enough meat on the bone for an investor deal, but you have your license and can earn a commission from these slim deals.I was an investor for 10 years and it finally hit me how much money my broker was making from listings that I led him to and so I chose to become a California real estate broker and started putting the money in my pocket instead along with my investing.Plus if you focus on working with investors along with the retail buyer your business and investments will grow.

Good news, the sellers called me this morning to let me know that the deal didn't go through.

I thought he was a Nigerian Prince!

Enjoy:http://www.daytondailynews.com/news/dayton-news/owner-rarely-pays-taxes-on-54-properties-1398939.html

utm_source=twitterfeed&utm_medium=twitterhttp://www.npr.org/blogs/money/2012/07/03/156222428/episode-384-the-little-lie-that-rocked-the-bankshttp://www.bloomberg.com/news/2012-02-15/libor-investigation-said-to-expose-collusion-lack-of-internal-controls.htmlhttp://www.thenation.com/article/168751/libor-crime-century#

I am not sure how to think about this; is that good news in that the likely value of this property is more than I paid, or, perhaps, the insurance company was trying to pull a fast one on me and overcharge me for premiums?

Here's the good news for you -- if the Bank sells the REO property to an O/O the buyer can terminate the existing leases with a 90-day notice.

The news doesn't usually report the real appreciation in values that have happened in some areas, they reports prices for an entire city or state.