I don't typically pick on the grammar of our members, but without punctuation, your post is close to impossible to read.

She never wants to move, because this is not your typical section 8 house, and she can now live with the "RICH" people..So that worked out well so far. 2 months ago I purchaced another house via a REO..I got a good deal on it..Payed 80k and the house across the street sold last week for 128.Here is where it gets interresting..I helped a lady who is 36 w/7 kids move from not so nice an area, to this house, which is a fairly nice area.

We typically buy the property and then spend a few months fixing up the property before selling it or transtioning it to a rental.

What I know first hand is that it is very successful for us.Our typical purchase is $25k - $50k that needs $5k - $10k of remodeling to sell for $50k - $100k.

Even with a HML, you'll typically have to pay for the work yourself, and then get reimbursed.

I'm just below you in Florida where its really hard to sell and I don't know how fast you're wanting to move it but what I typically do is list on MLS and keep dropping 3% every 2 weeks until it gets to a price where I start getting bites.

But more typically it is a stalling tactic that will buy the borrower 3-6 months depending on a number of factors.

Every cases is different and everyone who reads this must understand that no case is typical.

The call was on Short Sales and featured Lee Honish, former Asset Manager and REO Manager for GMAC/Homecomings & Beneficial of California with 21+ years of Asset Management experience.We know that there were problems with the call, and I'd like to know if people would like for us to do this call again.Please respond with your feedback on the call, your thoughts about the content, or anything else, here.Thanks!

Typically they might pay a little more than investors.