But when they do, you lose your investment, not your bank account, too.You don't say how much you have to invest.

I am about to process a Short Sale with IndyMac Bank, it light of what happened to them , with the Feds taking over does anyone know how this will effect the SS process.

This morning Wachovia Corp reported a dismal quarter which heightened concerns about how corporate results will fare amid the ongoing credit crisis.The nation's fourth-largest bank suffered more write-downs linked to its troubled mortgage business, and slashed its dividend for the second time this year.

The bank will require the member(s) of the LLC to personally guarantee the loans.

One of my concerns about borrowing more money is all the news I hear about banks going through hard times and what the future may hold.

I see the foreclosure legislation having two significant impacts on the market:1) Reduce the number of foreclosures available in the long run2) Significantly reduce cashflow to banks with "sub-prime" loans (as troubled lenders opt for the FHA option), and therefore forcing the banks to get sell their REOs to raise cash.

Hypothetically - Chances are, some houses that are listed for more than 120 days would not have been maintained well, they would be sold as-is, banks will be willing take a very low price as none turned out to buy that house - That would be something you might wholesale.Dont look for 1% rule or 2% rule when you want to wholesale.

I have contacted every bank out there and i have not got any where.

I currently have a separate bank account for all my properties from which I pay my bills/mortgages and deposit all rent checks, is there anyway I can still use one account but have more liability/legal protection?

Mr Mortgage:

"Added last minute to the underwater refi, Fannie/Freddie, FHA, Wall St, Foreign Gov’t, Washington DC, bank and investment bank bailout was a ‘2nd lien provision’ making the 2nd mortgage holder an equity...