As you can see saying you don't want to pay points may not always be in your best interest.Generally for short term financing (less than 5 years but you can do the numbers) you want lower closing costs and higher interest rates but for long term financing you are willing to pay let's say$7k to save $170k.

Being completely new to Short Sales, I'm trying to find out if this is really what I perceive to be an opportunity.

I do short sales & someone I recently met cash flows the properties while they are negotiating with the bank.

If you are serious about the short sale keep negotiating even after the second lender says no...they may eventually say yes.

Fair market rent is probably 1200 monthly.Is there anyway this could work without doing a Short Sale.

The homeowner can choose not to include the house in the BK and sell it short in some cases but I don't believe the bank has a choice in the matter.

Lots of landlords were speculators, too, and are taking it in the shorts.

Some of the REO deals I am doing right now are taking as long to close as a short sale would.

Hello Everyone,I have a question about wholesaling short sales and REO's.

What can I do to get WAMU to make a decision .. they have everything.What would be worst for my credit: the short sale or the foreclosure ... if we get there.Any suggestions?