Tim, for everyone's benefit, can you point out specifically what "tweaking" was done to their system to get quicker positive results?

We discovered that a much quicker way to exit the rat race was to add an IPW to our portfolio.

If the buyers default, you can evict them rather than foreclose which is quicker and cheaper.Wrapping a mortgage is done all the time, but for someone who if you are kind of new, you might want some legal guidance the first time through.Good luck to you.

The Resolution Trust Corporation (RTC) was a United States Government-owned asset management company charged with liquidating assets (primarily real estate-related assets, including mortgage loans) that had been assets of savings and loan associations (S&Ls) declared insolvent by the Office of Thrift Supervision, as a consequence of the savings and loan crisis of the 1980s.

I think, with the scrutiny of the world upon them, they (banks and government oversight) will wake up and smell the coffee and perform as admirably as the Home Owners' Loan Corporation (Depression era) and the Resolution Trust Corporation (savings and loan crisis).

Many will write out a New Year's resolution and a few might even keep those resolutions.

The LinkedIn group isn't very active, nor do I expect it to be, given anything that could be asked/done there, can probably get a quicker response here.Then again, it is a good way for all the BP people on LinkedIn to connect over there.

Maybe that would of made the process to get it signed and agreed to by the bank quicker.

The letter will normally specifically state the method and matter of resolution by the lender.

This will keep you focused and get you there quicker.