I look for institutions that will keep people in that town in a down economy for psychological, sociological or religious reasons.

Less than a year ago, Ocala was rated the best performing city in terms of sustainable jobs and economic growth (out of 200 metropolitan areas in the United States) by the Milken Institute in California.Ocala has a stronge manufacturing sector that has grown 70 percent over the past five years, outpacing nearly all the rest of the nation.

While large banking institutions such as B of A are convenient (many locations), they offer very little in the way of creative financing options for investors and you are just another number to them.Try credit unions.

.`(8) APPRAISALS- Any appraisal conducted in connection with a mortgage insured under this section shall--`(A) be based on the current value of the property;`(B) be conducted in accordance with title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (12 U.S.C. 3331 et seq.)

I am sure you can find a good estate planning attorney somewhere on Bigger Pockets, but if not, a good guy to speak with is Roccy DeFrancesco, Esq. of The Wealth Preservation Institute.

Banks work closely with real estate agents on traditional purchases, so there’s an institutional bias that favors the real estate agent.The bank is more likely to consider an offer that makes sense if it’s presented by someone who speaks their language.

The advantage of using a broker is that they have access to all of the major institutions (Which are all shuttered due to the Resi fallout) but also should have a sophicticated Rolodex and contacts with various Hedge Fund Managers; Real Estate Investment Trust Managers and Private company that will only deal with brokers.

Plus, these loans will show up on your credit report which will allow you to qualify more quickly for institutional financing.The steps you can take to rebuild your battered and bruised credit report after a personal bankruptcy are limited only by your imagination and your willingness to work hard in achieving your real estate investing dreams.

Many people take for approved whatever their bank or lending institutions tell them regarding a mortgage foreclosure.

Loan loss reserve (LLR) guidelines are likely to be documented in examination standards and Financial Institution Letters (FILs).