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Couple things: 1. The banks can do loan mods that don't meet the government's requirements if they feel like it, it's just they don't get the government incentives (cash) if they do. 2. If one is current on your loan, there's a second, related, government program that allows refis up if...

That makes sense. I have no problem with the IRS doing their job. Lots of people are tax cheats. The most common is people who perform jobs for cash who simply don't report the income-the type that this is trying to catch. Puts people who draw a salary are at a disadvantage, since they can't...

Go to Jim the Realtor's site (bubbleinfo.com). He has a couple videos of a lady who is a client of his who did much better than that flipping properties in the past few months. I think one was something like purchasing a house for $150k, putting $40k of work in it, selling it for $306k.

That meshes with a lot of what we are seeing-few REOs listed, almost no shadow inventory, few foreclosures, lots of pre-shadow inventory.

This will be an interesting thread to revive in two years.

I've mentioned this before-the Riverside house I now live in cost me $150k and I am positive I could get $1,500 a month or more if I rented it out. And I don't even live very close to the real rental property cash cow here, UCR. The rent to purchase price ratio is even better than that close...