With the current market conditions are you sure your home hasn't gone down in value?

A good rule for life is to assume that everyone is out for himself.

You should also keep this letter for future reference, since things in life have a tendency to change unexpectedly.

The Bank will not listen to your case of the cost of rehab.I don't believe all this, or else you guys wouldn't be getting any deals, so can someone shed some light on what and how you negotiate under different buying circumstances.In a real life instance, today, my realator called on a short sell for 75k and the lister said she presented an offer to the bank at 55 and they came back at 68.

Mostly due to the current conditions and mostly because everyone wants to hold out for that ONE great opportunity that sometimes comes and sometimes doesn't.

Unfortunately, if government lets the whole system just collapse--which is what you're suggesting above--the pain will be acute to the entire nation and the world.So certain priorities must be chosen and the priority is for owner occupant properties--not entrepreneurial purchases of real estate.Here is where your ability to put your life in perspective comes in.

Remember the old joke that asked what we would do if there was a medical procedure that extended anyone's life by 20 years but cost a million dollars?

With insufficient liquidity to meet its obligations, WaMu was in an unsafe and unsound condition to transact business," the OTS said.Seattle-based Washington Mutual has about $307 billion of assets and $188 billion of deposits, regulators said.

Also, homeowners in default vacate their houses for any reason they see fit...mostly because they are done caring about the property...they have to leave anyways, why not move on with their life before they bank evicts them.It is also no concern of the investor why the homeowner chooses to move out.If you can swing it timing wise it is a good deal for several reasons...the house doesn't sit vacant....you have somebody living in it that knows the deal (you disclose to them exactly what is happening and charge them a monthly rent below market value)...they can show the house for you if need be...the utilities get paid...and the investor can make some positive cash flow while negotiating...let's stop pretending this is hurting anybody...and most of all...dont make me think for a second we are concerned about the lender losing money because the investor is profiting....its the homeowner in default on the hook and nobody else.

And we're not talking about a house that is in move-in condition.