The Coldwell Banker HomePath rep returned my call today. HomePath requires requires 660 FICO for investors. This option is off the table for me, for now.
I called the realtor on the local property I found, but the property already is under contract (Foreclosure.com still shows it as active). I asked the realtor to keep me in mind for any other investment properties that come his way.
I spent some time searching Houston and Dallas. Most of the properties I saw did not leave a lot of money in the deal--not enough to cover closing costs, in many cases. I'm going to keep an eye on it anyway, to see how the market prices really turn out and to evaluate other strategies for investing there.
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