It hasnt been long but with the stimulus package and at least optimistic hope of everyone.  The banks are being required to at least do what they should.  Take a look at loan mods first. Try to help people stay in their homes.  That can only help the overall state of the market.  Second of course if the loan mods cannot work, try and REALLY work with people on the short sales or discounted payoffs.  If all else fails then go the foreclosure rout and they government (taxpayers) will be a safety net.

As an agent we are looking at customers the same way.  If they truly want to stay in their home lets explore the loan mod.  We have a company on our team we refer them out to.  If the loan mod option doenst work, we then look at the short pay route.  If we can help the peoples credit some and help them get in position to purchase again in the future that is a great service.

On the flip side for investor clients we are finding plenty of properties investors can purchase and get positive cash flow on a monthly basis.  Helping, showing people these opportunities is very fulfilling and the options are endless right now.  Can you imagine $1,000 a month positive cash flow?  How much is your mutual funds, stocks and bonds paying you a month?  Just checking!