However, when I listed in for sale, an investor property in our complex tried to short-sell for $150k less than my list price.I had to wait more than a year for them to get their first short-sale attempt rejected by the bank; re-list at a higher price (still $75K less than mine), sell and wait for their sale to fall off as a comparable before I got my price.Nobody cared that their unit was a hovel and mine had the most extensive upgrades in the complex - it never got past the comp issue.  

.-10 minutes to great local restaurants-Boat ramp 3 miles away (w/Parking)-National Forest 15 minutes away-Cumberland Falls 45 min away-Wildcat off-road park with 2,000 acres of riding 3m.

The plan is to refinance the other properties once the rates fall again, and transfer the deeds to the LLC, but right now, that is not an option. 

There is a major lag between rising rates and falling equity prices.

Right now I'm basically doing pay-as-you-go here-and-there gen-ed courses, but I plan to start pursuing a Mechanical Engineering degree in the fall at ISU....maybe.At this point, I have nothing but 200 dollars in savings, and a total of $10k in debt.I moved home for the summer, but rather than get another job as a server, I feel motivated - compelled even - to pursue something bigger.

Your chances of falling backwards, instead of choosing to move forward will be inevitable.Not all of us are created the same and none of us are brought up the same exact way.

They've done the legwork and are looking to make money from the assignment.But, I just read an earlier post and it seems this falls into the 80/20 rule.

They fall in the water.

Hey I remember dominos, flick the block of wood and watch the rest of them fall down*flick* New plan to clean mortgage marketFewer people can qualify for mortgagesDrives home prices lowerAppraisals come in lowerDrives home prices even lower

Washingon Mutual is in the mid $3 range today after falling over 30% and appears to be on the brink of failure following the collapse of IndyMac.Anyone else think WaMu is the next big dog to fall?