Quality and risk in Cleveland and Akron neighborhoods will vary widely.

So if I understand, you would get a loan the normal way and then the bank trust is an extra fee that comes along with owning the property in Mexico?

Similar to what Patrick stated - most have ITINs and have seen a lot of loans like that and those are sold many times on secondary market. if not I know people who still originate I would say they are tougher to sell on secondary market but there are still buyersRe: jay comment - price of notes has doubled over past five years on many loans - especially defaulted or loans with some hair too them. 

After seeing the power of financing and understanding how loans can help make real estate deals like this happen, I knew I wanted to be a part of it professionally.

FHA loans require living in the home as your primary residence for 1 year after purchase.

My apartment bldg has 6 units, so it's a commercial loan.

What loan size and loan to value?

When this person goes bankrupt in the next recession, this loan will be part of bankruptcy proceedings.

After funding 2,000+ loans across the country I know most lenders will have issues with these 2 things.

I got a HELOC loan on the home for $130k.