This form is sent to the borrower, investor, and the summary form is sent to the IRS.Other fee for services may include door knocking, bankruptcy research and filing of proofs of claim, providing credit reports, workouts with borrowers, loan modifications, short sales, REO (Real Estate Owned) management, inspection services, foreclosure management, etc.SERVICER OF RECORD OPTIONA servicing company may also offer you the opportunity to do your own workouts with the borrower while using their license as “insurance” (this is what we meant by “insurance reasons”).

I could have spent my money investing in myself.I feel your pain brother but, the truth is if you really did the work you claimed you could have easily went out and found your own buyer for the deal, sir. you don't really need Jerry.

They claimed this was not their fault as they did not provide the washer, but they provide the washer and dryer hookups and the pipes that regularly leak into the basement, garage, and kitchen.

I would also suggest reviewing credentials...50% of the PM firms in the city are not licensed brokers or agents affiliated with brokers....and most of the agents that claim to manage are focused on residential sales...not a great fit.

Since this is an owner occupied property, the ability to repay is not there and if the wife ever defaults in the future she can claim it was a fraudulent loan.2.

If the property owner claimed a homestead exemption for their real estate taxes for the year of the foreclosure, then there is only a six month right of redemption, rather than the regular one year right of redemption.

This will protect you from a tenant claim that they really had $2,000 security deposit, but the lease only said $1,000.

I'm not aware of anyone who can purchase insurance unless they have an insurable interest in the property. if title was guaranteed there would be no title claims LOL  .

You can make far more with a W-2 job and have less stress and time invested.It rarely pays off because people rarely understand what wholesaling truly is and set unrealistic expectations.

Currently in the process of buying a house in Pennsylvania at a judicial tax sale through a county Tax Claim Bureau.