That's scary to a lot of folks...and they leave and don't come back unless they see some activity to improve that situation.

SoCalGel...unfortunately it doesn't matter to the listing agent that the seller isn't going to net any money...the seller still has to sign off on the offer...and in most short sale situations the seller is in danger of the bank requiring them to sign a promissory note for the difference if any debt is to be forgiven.

However, none of this gets our money back - at this point, our main focus is to expose the truth and protect others from being in the same situation.

I have a tenant who is posing a situation to me that makes it kind of easy to accept the idea of breaking a lease.

You get all the facilities of the "big cities" without the hassles (e.g. traffic).

Heres my situation, i have 45k, terrible credit, monthly income of 3500 as of april 08 (new job).

(do not contract a sale or rent to tenants if everything isn't looking right)Once you have done your first flight the next will be easier and so on.Just don't quit learning.And because you have had a scare don't quit learn from it so you won't encounter the same situation again.

I would like to know what all your opinions are as to how these potential Buyers should handle their situations and if they don't close, or if they pull out of the deals they will lose ALOT of money.

I am in somewhat the same situation as you, so I will be interested in hearing what you find out.

A win-win situation.