Cross that with the usual (wealthy) nimbys that don't want ANY changes, and planning/building departments with layers of bureaucracy that would make Stalin proud, and you have the perfect storm of why we have a chronic housing shortage.  

i do admire the added funding resources aside from savings & conventional loans like hard/private money loans  -and the fastrack way to in fact generate profits from nothing, via  dishing out 'wholesale' contingency offers then upselling the crap out of the property - but like many has to be pointed out to newbies to BP, even with those a downpayment is required to invest. all in all, i'm appauled at the widespread connotation - often spun by mainstream media (ie, tv, internet) and the material they pump out, infomercials and all - that somehow people will 'discover' how they can make big money from no money. when in reality the underlying problem to me it seems to be the western norm to be making a decent salary (heck, even teens working at mcDs or whatever) and all but just be spending it day and day out but at the same time expecting somehow to get rich one day- without incrementally investing in a wealthier future any.how could adults these days chronically have no money, chronically have no creditworthiness, and *then* decide they want to start INVESTING?! 

Some context:According to Wikipedia the total world GDP in 2013 was $75.59 trillionAccording to report, total capital markets in 2010 equaled to $600 trillionAccording to report, by 2020 total capital markets will equal $900 trillionTakeaways - among others:Excess capital means more chronic lower yields.

If it's income, you need to know whether it's temporary or chronic.

Greetings BP,Ok, so I am active duty and I'm  interested in helping my husband (a veteran) fulfill his dream of providing housing for our veterans who in most cases undoubtedly deserve our support in getting out of chronic homelessness.

If I take it sub to, do I need to wait until the modification has been approved before closing on it with an attorney and taking the deed because she wants me to take title asap due to chronic health reasons being in and out of the hospital.2.

Unless you've inherited a chronic non-payer that you want to push out..

I closed exactly one of my OREO resales to a Naca buyer.... it was a long drawn out process and my experience with the Naca in Mississippi was they were highly discombobulated and a very high % of the folks never graduated from the program. your trying to take chronically bad credit risks and retrain them.And in MS if your going to sell in their program they expected a huge buy down of the rate. other wise they would not recommend us as a seller.. so our one buyer that actually closed I bought the rate down to 1.25%  the insurance payment was higher than the mortgage.. so for the buyer that actually got the home fantastic deal.. for seller I got an OREO off the books at close to retail exit.. as opposed to what happens in cash flow markets were a resale is generally to a cash flow investor for a fraction of retail value, its reality and unfortunate for the seller.In your market at that price point unless you think your selling this substantially above market I don't see the benefit to be a naca seller... but IL Naca may be much better run than the MS Naca

If your current credit problem has not been a chronic one but recent and hopefully short lived than speak to that with a manager and owner.

How about the district's many years of reckless fiscal mismanagement and chronic spending beyond its revenues?”