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Did you notice they say the rental income is only $3k. Maybe my math is way off but unless you put down a HUGE down payment (680k) this is no way near having a positive cash flow. What investor would buy this property at this price?

It doesn't say, but does anyone know if they are giving this offer to customers with good/bad credit?

I just wonder how many ppl have the cash on hand to even think about doing this.

<a href="http://economy.freedomblogging.com/2009/02/27/calif-unemployment-hits-101-in-jan/">Calif. unemployment hits 10.1% in Jan.</a> <blockquote>California now far exceeds unemployment nationwide, which rose to 7.6% in January.</blockquote>

<a href="http://www.businessweek.com/magazine/content/09_62/s0902030334832.htm?campaign_id=rss_smlbz">Buy Your Loan Back From the Bank</a> <blockquote>If you've been making payments on time and aren't in violation of any covenants, you may be able to buy your loan back for 80 cents on the...

<blockquote> * I have both a first and a second mortgage. Do I still qualify to refinance under the Homeowner Affordability and Stability Plan? As long as the amount due on the first mortgage is less than 105% of the value of the property, borrowers with more than one mortgage may be...

The California code also governs HOAs, there might be something in there.

Are they not losing more money renting them then they would just selling them off?

[url =http://www.ocregister.com/articles/units-market-prices-2309993-buyers-tustin]Without buyers, Tustin condos will be leased[/url] <blockquote>"We were trying to deal with the offers and buyers, but it just didn't economically make sense to keep lowering prices," Parker said. "Rather...

<a href="http://'http://www.ocregister.com/articles/foundation-year-money-2305943-house-raffle'">Irvine 'House' raffle does away with the house</a>

Do you guys include the sales data of when a bank takes the property back, or sales at auctions?

Me and my husband use to rent a 2 bedroom place, then we decided to be owners and purchased a 1 bedroom. It was good for a while and then 2.5 to 3 years later its cramped, and we can't wait to move. IMHO, don't do it. Wait till you can at least buy a 2 bedroom place. That extra bedroom...

I forgot to mention the whole talk he had about commission. First he said commission is negotiable but most people do 6%. Then a student said most properties he has seen its been more like 5%. He agreed but still continued with 6% as an example. He also said you can list the selling...