In 2000, I pieced together a no-money-down deal on a $1Million office building.

What makes it FRAUD is the unwitting lender thinks it's making a homeowner a no money down loan, the fact that the borrower is receving a substantial rebate is not disclosed.

Real estates a no-no.

Forgetting about the fact who already own this home, a decision reduces to a math problem.Based on the current monthly loss and the current value, its a no braining, IMHO.

Can be done as stated income up to 70%.Doing as a no doc (no employment listed, no income listed, and no assets) listed is no longer a loan available with conventional lenders).

For one to say that they use the same contingency in every offer that has no deadline makes no sense at all and I seriously doubt it would fly with every seller.As a seller, I would never sell a property with a no-end contingency which avoids the last day back-out some have talked about here.

Now with free annual credit reports from the 3 major agencies, it is a no-brainer.

Additionally, you may find a private investor to lend you the money for a deal, turning it into a No(ne) of your money down deal.

That is a shame that you were not able to use a no seasoning option.Any lender underwriting to Fannie Mae guidelines should be able to do a no seasoning cash out refinance whether it was from an all cash purchase or refi of an existing purchase money loan.

If you buy for cash and refi to get your cash back a refi is ok but wouldn't it be better to do a no money down deal in the first place......No money down is easy.......of course 99 percent of your agents say you cant do no money down.........I guess that is because they just don't know howBrice