A quick reminder, our loan limits will permanetly be $625,000 in few days, and with FHA the downpayment requirement will be 3.5%.  Believe it or not there are interest rates in the High 4% to Low 5% range!  Lowest rates ever!  A lot of the REO's are selling quickly and we are seeing sellers with equity price their properites competative with REO properties AND THEY ARE NORMALLY IN BETTER SHAPE!  According to reports banks are going to be more workable on the Short Pay's.  We do have a system that has proven to be successful, but its a lot of work with no guarantee's.  Rumor is with the government stepping in helping these banks and ensuring losses, part of the requirements will be the banks showing proper steps in helping homeowners do Loan Modificiations or Short pays BEFORE foreclosing and adding to the REO inventory.

This all adds up to great possibilities in 2009.  There are obvious challenges too, but there is hope, and there will be brighter days.  Lets focus on doing what ever we can to enrich your real estate needs in 2009.  God Bless and thank you for everything.