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Not only can you acquire real estate properties for pennies on the dollar today, but you can be quite confident that the value of any REO properties that you acquire will appreciate very soon.

By using ‘individual ownership’, all the profits and liabilities flow directly to you as an individual but you are also exposed to the greatest risks.

Many banks and other lenders, and especially those who issued the original home loan, will often work with homeowners to get them better interest rates.

With a loan modification process you can permanently change one or more aspects of your home loan, thus enabling the reinstatement of your loan and establishing a new payment.

Your application should include a detailed and a convincing hardship letter, which is usually a key factor for a successful application to go forward with your modification.

The key to whether or not you should hold onto a home with an underwater mortgage is likely going to depend a lot on how far underwater your mortgage is.

You don’t have to be a licensed realtor, and with so many different methods of investing, you will never be at a loss for deals.

If you are making more money per hour flipping properties on the side, you are at the point that where your regular job is costing you money.

You need to assess the true value of all properties based on when you expect to sell the property, what the repair costs may be, etc.

The biggest difference between flipping and speculating is that flipping works in any market, whereas speculating only works in certain places at certain times.

Lenders approved subprime loans to shaky credit borrowers with little or no proof of income, little or no down payment funds, and with low “teaser” starting interest rates and payments.