Soon I expect even submitting a short sale package will require a check for the full amount to be held until the lender accepts the offer.This is great news for those with good sources of ready funds that don't require any kind of approval in order to use them.If the bailout is approved in the next couple of days and signed by the President as promised this week.

Yep, I'm a broker and I advocate not using one in this situation as you will typically pay double origination.Sure, portfolio lenders will accept a package from me but they will not give me wholesale rates and zero origination unless I have negotiated a master loan commitment with them.

I know from experience that loan packages that were available under certain criteria 1 year ago are long gone now.

Matthew Chan's contract package is an invaluable resource with many specific, usable contracts.

But the RTC sold a grand total of 19 packages.

I bought the Elite REO Agent Package from [WEBSITE REMOVED BY ADMIN] They provide the direct contact info to the asset managers at 51 different REO listing companies.

One element I would like to add is risk management.

They all have one element you cannot just go get or earn, though -- LUCK!

However, has ANYONE on this board gotten the entire amount from the 1st stimulus package, i.e. $600 for individuals, $1,200 for married couples, $300 for each child?

There was a furnace filter still in the package in the furnace closet.