No questions asked...no app, no credit, no verifications, no appraisal.

These types of lenders do not take applications, check credit, no employment/income/asset verifications, and there are no appraisals.

.`(9) DOCUMENTATION AND VERIFICATION OF INCOME- In complying with the FHA underwriting requirements under the HOPE for Homeowners Program under this section, the mortgagee under the mortgage shall document and verify the income of the mortgagor by procuring an Internal Revenue Service transcript of the income tax returns of the mortgagor for the 2 most recent years for which the filing deadline for such years has passed and by any other method, in accordance with procedures and standards that the Board or the Secretary shall establish.`(10) MORTGAGE FRAUD- The mortgagor shall not have been convicted under any provision of Federal or State law for fraud, including mortgage fraud.`(11) PRIMARY RESIDENCE- The mortgagor shall provide documentation satisfactory in the determination of the Secretary to prove that the residence covered by the mortgage to be insured under this section is occupied by the mortgagor as the primary residence of the mortgagor, and that such residence is the only residence in which the mortgagor has any present ownership interest.

We also knew a buyer willing to pay cash for the perfect multi fam.I couldn't find a phone number for the owner so I urged my partner to to come with me to the house.

There are also quite a few that exist for profit, and who will do what they need to to make a buck.

We provide the most extensive people locate, address verification and people finders data in the industry.

Is there any way to to aquire a property like this for under 10% up front?

At the walkthrough after the tenant left a couple of weeks ago, the PM missed damage to to lower shelf in the kitchen.

It looks like with every passing day that it is getting worse, in my opinion, as the congress tries to set prices in the market for these terrible securities.I feel like we are so close to getting to the bottom of this and being able to figure it out.I mean here I am, about to buy a condo that probably has one of these "toxic" mortgages associated with it, where there was no income verification, no money down, etc.

The only way to avoid a credit impact is to pay the loan off according to the original terms.I would think they would only contact your employer for employment verification, same as on a mortgage.