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.

If you can get 20% discount or more on short sale properties or FSBO with the same discount , we can talk.

There are several good HML for CT.Will send you an email with questions so we can figure out which one may work for you.By the way, make sure you have a solid exit strategy as these loans are short term.

Hello all, this is how i spend my days(Phase 1 get my mind right)- Pray- Meditate - Exercise & go Jogging - Take a warm shower (while listening to relaxing music)- Eat a good breakfast(Phase 2 take care of business)- Check and respond to both my email and voicemail messages- Check to-do list, and complete any items due that day- Scan through that days top real estate news articles- Do a little networking through various real estate groups & forums (mainly for: education, finding deals, and building my connections) - Do at least one thing that day that normally makes me feel uneasy (I work on conquering my fears by doing them) (Phase 3 relax)- after all this, I put anything new on my to-do list to complete for the next day, then I either read a book, hang out with friends, watch a movie, or play video games.

These days everything is a supposed short sale.