The Mortgagee will not be inclined to take a short pay if the borrower was paid (by you for the Sub2) and if you wait too long to inquire for the principal reduction you will likely have issues with borrower participation.Notate as well, the Borrower who seeks principal reduction may be required by the Mortgagee to affirm they will reside in the property for another set of years.

After inquiring about a SFH in Durham and doing some back & forth on the phone with the wholesaler's assistant, I was able to gain access to the property.

The last time I inquired in my area, it was difficult finding an investor friendly lender(2 years ago).

Having several new loans (mortgage or cc) in a short period will hurt you some, because your average age of accounts is reduced.Don't open any new trade lines for now and let your credit "age", that will help.You want to pay off all credit cards before the statement hits, except one, have that one at less than 10% of the credit line,,,it seems strange but one cc having a balance is actually better than all reporting a $0 balance.Watch inquiries, your getting hit with a lot for mortgages,,on TU there is a way to have them disappear,,on EX they will never disappear, and on EQ all except your mortgage inquires can disappear.Never, ever open a store account to save the 10% or whatever on the first purchase, you get hit with an inquiry and have a new account reporting (reducing your average age of accounts).You also want a good mix of credit, you have mortgages, you have cc, but also you want an installment account (car note, etc),,it seems funny but they like you having a good mix of types of credit.The mix of credit counts as 10% of your FICO score, however the majority of your score, 35%, comes from payment history, then the balance on revolving will account for 30%, length of credit history 15%, etc,,

Much of what you will hear about credit inquires impacting your score will not be accurate.

I have inquired about construction loans with various banks and lenders but have not gone ahead yet to see how much I would qualify for.

recently I found a property retail for 37k but needs about 5k in repair, I inquire into this program from the foreclosure agent but was told there are no more 203k loan, there is 203D loan here in the Houston, Texas area.

Should I call the PA's office to inquire about the properties?

When they start the place on fire, their dog bites someone, slips on ice or in my case, falls off a deck... the renter policy will help mitigate and in some cases prevent you from inquiring a loss record on your policy.

I was fortunate enough to find some actual phone numbers on some of them.So just your two bits, how would you approach a PR when inquiring about the real property in the estate.Thanks,