I wonder if this is common in Canada  Australia Great Britian ext.. were you have robust RE markets and investors..... or do they just think us USA citizens are the dumbest on the planet ? 

I am an American/Israeli citizen and the majority of the funding will be cash of Israeli citizens who are interested in putting their money into american real estate as a long term investment.

Keep in mind that for China to keep up with the new Chinese citizens entering the work force, they need to maintain somewhere around 3% - 5% growth rate.  

My parents have more belongings than me, even though they are senior citizens.

As a non-citizen owner, you just don't have the rights that someone who is local and lives in the property.

One thing you need to know is Illinois/Peoria has programs which will limit or reduce the property tax for Senior/Disable citizens.

I assumed was not intended as his plan but simply a statement referring to the conditions of a FAH loan.There is no intent of fraud, the bank will make the decision based on having this information and there is no reason it can not be done.There is no legal or ethical issue.As for kicking out tenants there is no accumulated seniority with length of stay.

The broker/agent is NOT required to submit offers to the note holder.The broker/agent is only required to submit to the seller.The broker/agent can then advise the seller of whether the offer has merit and is worth submit to the bank for a chance at an approval.Brokers/agents doing short sales for awhile know what numbers banks are wanting to hit.If the offer or terms are so off the mark then the broker/agent will advise the seller to counter back the offer at terms the senior note holder will likely accept.For REO brokers the banks are repeat clients.For unproven investors you are trying to get a one off transaction at an ultra low price to start your investing career and build cash.So the REO brokers care about the banks their cleints much more than you "getting a steal".

They do have a program that places seniors into rooms, e.g. 2-3 people to a 3 bedroom house.

It was worth the repeated 6-hour roundtrip drives back then, and far better than the several wholesaling courses I’d consumed during senior year of college.