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?

On short sales so far the signals are this will increase the interest from lenders in short sales.

With no equity you may still be able to do a short sale.

I terminated a good tenant in August because he didn't want to sign a short term lease.

There are hundreds of foreclosures and short sells dropping in price/value monthly.

In my short month that I've been working on this, two time lines have been broken.

Long story short I proceeded to use almost the entire LOC to finance my other real estate holdings.I now owe $80k on this double via a interest only variable rate LOC when the while the property is probably worth no more than $35k.

The Government has also changed its tune on who to bail out based on the amount of short term loans outstanding to protect MM's-so moral of the story is, MM's are going to be safe.

Lets hope saner heads prevail.At this point I've given up on predicting what will happen in the short term.