It got very frustrating and then I came across "short sales" .

I purchased them a bit under market value (one was a short sale).

I don't know how the credit repair companies work for short cuts.

I have short sale payoff, have cash end buyer and need to close the deal.

Long story short....I bid on an REO duplex.

Edna, I pursued investing in non-performing loans for a brief time before I realized that I was better of working my own business (short sales) instead of changing gears.

I feel this way because vacancies shouldn't be as high and with the short time of having the property in your hands there shouldn't be to many "big" repairs.

I have heard of new legislation regarding second mortgages that includes reimbursement from the feds to the lender on a shorted second if they sell the short to the homeowner.

Whether it is a forebearance agreement or a short sale, I think you should always try.

The place is abandoned, and it will definately foreclose, if they dont short.