The one thing about HUD that is both positive and negative is that you have to close in 7 days from the day you set the close and this is good if you have a buyer for the home but if you set the close and for some reason the buyer misses the date even by one day you have to wait another 7 days.

I have done the math and even with the 50% rule I come out with over $100 positive cashflow.I know this is a general question, but am I missing anything??

The one in first position would exactly match the terms of the mortgage.

Positive cash flow: $214.

Like you, I've been in the position of having to move before a house is sold.

Since then I've upgraded to gas-paks.Anyone have any negative or positive experiences with EPA, local municipalities, or on the selling end?

Using any kind of positive appreciation number in this real estate environment is a fools game.

I just never had a seller in this position of going into bankruptcy.Jon on your statement about the blanket mortgage... i agree and deeply considering letting this walk along with my other options...also, i am trying to sell my option right at this time as another option.

I understand their reasoning, but it takes away from your position.

It's not a bad option for $75/mo but it's just not enough to get somebody in a position of getting a loan approval.