These sponsors may wish to arrange for a preapplication conference with the local HUD Field Office for advice on the best program for the sponsor, and to discuss HUD procedures and requirements.Application:Any person or sponsor can apply who is able to meet the cash investment and credit requirements and to make the mortgage payments.

That additional risk is reflected in a loan portfolio (secondary loans or not) by reducing the LTV to 75% but this is not a hard rule in a portfolio loan, but generally accepted as being a more prudent banking practice.There is no seasoning requirement, generally, by any regulator but by loan guarantors and mortgage insurance that may cover a loan portfolio obtained by the lender or in hedging arrangements.

Some lenders are willing to work with you by reducing the amount owed or making other arrangements.

Find an established investor in your area and arrange a partnership on a "Deal By Deal Basis".

All sorts of weird and unexpected laws in place in different locations.More specifically, though, these tenants are probably on a month to month rental arrangement.

This is coming from someone who has worked for the banks internally and continue to negotiate these types of arrangements in bulk for our clients.

I will consider all options, including hard money loan, I just need to carry this part the balloon payment so I have a bit more time to get convention arrangements made.My "credit" is good but right now my debt/ income ratio is a little high.

The buyer is interested, and you make arrangements to meet with him and hand over the pertinent information on the house.

Nationwide let's not forget flag burning.Those issues are about as important as wondering how to arrange deck chairs on a sinking ship.

I've done almost everything for cash the last 20 years and arranged affairs to not pay taxes nor show taxable income.