My attorney's drafted the mortgage and note and we sent it to our favorite title broker at Fidelity National Title for closing.

This is believed to help put liquidity into the home buying process by taking these loans off the books of banks and mtg companies.Now Freddie has started to purchase 2nd mortgages.

have you checked E bay  most guru's stuff gets resold on E bay.

Maybe the system will let you delete what the perpetrators have written.Respectfully,Charles E.

I was just suggesting to David that he chill out about the term "HELOC", when (given his massive savings) there's ample alternatives for him that will accomplish the same end (and most likely - cheaper)...And again I ask, what sane person would drain whatever liquid money they have currently and then dump everything going forward into the mortgage?  

I dont think we've had any major regulation issues, ever E.

Quote from @Derrick E.: They are obviously just trying to get one over on you.

In our experience, buyers always add 2-3x the actual removal cost.I love wholetailing because we get the speed of wholesaling and the margin of flipping by doing a little bit of both.You just need to be able to get the liquidity to support the transaction, which we do through private lending.We always use other people's money to make our own money.

A simpler alternative would be a t bill or short term Treasury fund, such as SNSXX if you want the same liquidity as a high-yield savings account.

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