Also, I think to a certain extent, you are misunderstanding the way a bank uses the 4506 and 4506T.

Yeah, there is ONE HUGE misunderstanding with Win 8.

A BP member posted some notes he was selling, one interested me @$62,135, monthly payments of $820.27, 160 payments remaining, 12%, no discount.So I calculate the following.820.27 x 160 = 131,243.20 (total returns)131,243.20 - 62135 = 69108.20 (total interest collected)69108/160= 431.92 (interest payment per month, as a constant over the life of the loan.)431.92.x 12 = 5183.11 (annual interest)5183.11/62135 = 8.3%So rather then 12% interest I get 8.3%, however when I plug the original numbers into a financial calculator I get the loan paying 12% there is something I am not calculating right, or something I am not understanding, which will no doubt be affecting my due diligence.Help me correct my misunderstanding.

I know doing that it's not legal and I can take him to court but I want to anticipate to that problem.Please, don't misunderstand me.

I can go deeper if you want on this, but I won't bore you :)Hope that helps and I didn't just completely misunderstand your question.

If anybody knows of one, please let me know.I think people run into trouble when they misunderstand the protection that an LLC provides.

Or am I just completely and utterly misunderstanding the whole point of a VA?

Maybe I misunderstand it, but it seems to work for me that way.

I think I see where you are coming from...but we would only be taking out 20k profit not 60k...or am I misunderstanding you?

@Joe Gore Maybe I misunderstand the concept, but my thinking is, home owner does a deed in lieu of foreclosure (no foreclosure headaches, I get the house and his debt is forgiven) and I'll give him $1000 if he leaves the place in decent shape when he leaves.