(possible short sale intention right now if nothing high enough is accepted?)

I will avoid renting any properties purchased for the intention of flipping.

Bill, it was not my intention to offend you.

Proving the intent was probably a hurdle for prosecutors and the new laws specifically address the issue making it bit easier, I suspect that's why they are being adopted.

I came up with a GENIUS idea that night I told Tony we should swap the manuals since with both were dissatisfied with our purchases I had no intentions in putting together any short sales any time soon and 3 to 10k did not motivate him.

But, as a note holder, if if I repossessed a car and auctioned it off, if I did not make an attempt to collect the full amount in good faith, in other words I asked for a lower price with the intent of sticking it to my borrower, such tactics are disallowed when the judgment is sought.

You can tell when someone isn't well intentioned by their voice, as compared to someone that shares your enthusiasm.

You should be paying more like $100K.If you can't find a good deal in your area, and your intention is to make money on a monthly basis, then don't buy in your area.

They bank will only be at risk for one loan.From a compliance stand point, the bankcan simply say the secured loan would not be funded until the signature loan was paid.This clearly circumvents the intent of FANNIE and that may scare the bank, but any private lender could do the same thing.The key is that if the loan is not advanced under that future advance deed of trust, there is no obligation and no valid lien.

I don't see how pressure testing can reveal a problem there since it requires the introduction of several intentional blockages to make the system airtight!