I have recently started in the note business and would say you want to verify the collateral with a BPO, get some pictures etc. verify the taxes are paid and title is cleared and the insurance is in place as well as having a lenders title policy (this is often overlooked).I would recommend using a servicer to avoid any Dodd Frank issues and to make sure your note is properly draftedFeel free to send me a PM if you need more information.

Won't even go into the water quality, how clean the natural gas is, temp settings or voltage surges.I don't know how many members here manage or oversee more than 1,200 units, but preventive maintenance is necessary to reduce costs, especially with collateral damage from an element failing.

I figured that would be better for many reasons; collateral being one.

My company uses collateralized pools for scenarios like you are talking about.

You could also co-collateralize your property as a down payment.

Dumb, I agree, but that's the world according to Fannie Mae and right now no one is doing anything outside of the box.Collateralizing just means that you are pledging the collateral in one property to guarantee performance on the subject property.

Called and called and gave him the extra lot as collateral.

Home foreclosure is right around the corner if you’ve fallen behind on repayment of loan and the house is serving as collateral.

Deed of trust is a collateral to the seller should you ever default.

I can place this w/ my private banking division but 80% would definitely take some cross-collateralizing or a large money market deposit.my typical terms:5yr IO ARM6.25-6.75%1.5-2% to close (all other fees covered)Call me if you would like to discuss 480-383-8665 (direct) 480-773-5565 (cell).best of luck to you and your client!