All Forum Posts by: Tony Walker

Actually 8k is worth it if they can get done what they claim they can. Get the attorneys contact info and talk to him.

The problem is them promoting the 350-650k guarantee of funding, they are painting pie in the sky stuff, because you can"t guarantee that the banks will give you a dime, you have no control of what a underwriter will do.

This is a shelf corporation that they are offering, but I don"t see that word mentioned in your posting. Do your research on that.

"our multi-million dollar Wall Street
firm on your corporation as 'Guarantor"

Find out who this company is.

0 Votes

Originally posted by Josh Green:

i am 100% anti-loan mod companies.

there are plenty of info for consumers to do a loan mod themselves.

in my opinion, loan mod companies are in the same category as credit repair companies....i title that category 'SCUMBAGS'.

I have successfully done loan mods( with an attorney ),
and credit repair.

Funny. I have heard many homeowners say that about investors. :mrgreen:

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In some areas of the US you can find who the trustee sale attorneys are who handle most of these sales, it is usually just a handful, for not so big counties.

Contact the attorneys office and ask them if they have a website that is dedicated to just the trustee sales.

Usually you can get your list there for free.

0 Votes

Originally posted by nationwidepi:

J Scott, now all you need to do it find away to get around the agents and your transactions will be smooth sailing!

It amazes me how often an agent will say you cant do that or it is illegal, etc. just because THEY don't understand how or that it CAN be done.
If I was a rookie or even seasoned agent, I would NEVER tell someone something like that. I would NEVER want to interfere with my ability to make more commissions!

It seems that most agents will take the path of least resistance. :mrgreen:

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Originally posted by Louis Bergman:

It is a sign of the madness of the time we live in.
Read carefully what it says.

By the end of 2012, some $153 billion in loans that make up CMBS are coming due, and close to $100 billion of that will face difficulty getting refinanced, according to Deutsche Bank. Even though the cash flows of these properties are enough to pay interest and principal on the debt, their values have fallen so far that borrowers won't be able to extend existing mortgages or replace them with new debt.

The very first task of a Banker is to do all he can to turn a bad loan into a good loan. What these guys are saying is that as a result of a rule that made sense in a different era under different circumstances someone is knowingly going to pull the trigger and unnecessarily destroy over $100 billion in capital.
So even though these properties are healthy and performing excellently, they will be destroyed.

I am so very glad that I am now a retired banker, as I cannot see myself in good conscience functioning in a climate where a sub mediocre bureaucracy blindly enforces a rule because it's there. And the saddest part is that the press, the players and the public just passively sit and watch while it happens.
How can anyone in good conscience foreclose on performing properties?

The people who enforce this crime against capitalism should be banned to 10 years volunteer work doing micro lending in the poor villages of Bangladesh and Vietnam.
Hopefully they will sober up and return with a healthy respect for what was build up by hard work to a level that it is still the envy of the free world.

Sorry for the rant guys.

The Banksters........ :cool:

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Originally posted by Stephen N.:

anyone interested?

I might be interested. Send me a colleague request, so you can PM me.

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Well I work out of my home also, but have a small office with conference room for meetings.

I agree with craig on his first point.

Where you will run into difficulty ( if you have a home based business) is when you try to get funding and financing for your LLC such as unsecured business lines of credit, etc.........

Most lenders like to see a physical office building and will sometimes google earth your business address to confirm that you do have one.

Of course that is not in every case, but I do let business owners know about it.

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Originally posted by Rich Weese:

To be completely clear- I want to make an EXORBITANT rate if I loan you money on a transaction. I'll charge you nothing up front and take profits at close. That should be clear. Oh, and unlike some posters, I actually have the money to loan... RICH in Fl.

Hopefully you won"t charge more points than "the ones that do have the money ".

Look"s like many investors want to do business with you on BP . :mrgreen:

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Originally posted by nmbr1wholesaler:

There is a guy out there who actually raised my brow about transactional financing, I had no idea it even existed until about 4 days ago. I go to his site not knowing what he was "selling". Watched the longest web vid in the history of web vids. Then right at the end this guy goes I'll do this (transactional funding) for a $2,000 membership fee. Is this typical of Transactional lenders? If not are there any out there that just do the funding and only charge for that. I don't want to pay $2,000 up front before my transaction is even complete, you know?

There are many out there that don"t charge upfront fees,
just so you can make them money. :cool:

You can find them right here on :D BP.

4 Votes

Welcome Sara, quite a few investors from Maryland on BP.

1 Vote

All Forum Posts by: Tony Walker

Tony Walker has started 2 posts and replied 67 times.

Post: Build buiness line of credits and authorized users

Post: How much can someone charge on a loan mod?

Post: getting foreclosure lists

Post: FANNIE MAE REO - YOU CAN FLIP THEM IN 24 HRS!!!

Post: Didn't quite know where to put this +here comes the blood+

Post: Need mentor to walk me through first short sale process

Post: office space

Post: transactional lending

Post: transactional lending

Post: Another Newbie Here :)