These people get a 10% premium of what they bid the property up for from the Bank.Boy I wish the TD's were only 65K out here, The minimum is usually around 400K.I only buy if the equity is 125K or higher.Good luck.Foreclosureboy

Lenderles, the only RESPA disclosure laws that I am familiar with in reference to double closings is around the disclosure of title insurance premium pass-through.

When one of these properties does surface, rehabbers snap them up at a premium and then must go to the retail market to profit.

On premium new construction homes in this area you can not even guess what the taxes will be because of the spread.

I am Managing Advisor for REI PRO Advisory Services, I own my own wholesaling company and I am a premium member of the Chicago Real Estate Investment Club.

20% down so no PMI is a good rule.One advantage of using 20% down is that under United States tax law, mortgage interest payments may be deductible on the borrower's income taxes, whereas mortgage insurance premiums are not.

As the real estate cycle continues to revolve we find ourselves moving to a buyer's market where the price of real estate becomes more negotiable.Some areas still get premium prices but most are now having to accept offers that are not a the top values of a year ago.

I'm a CASH BUYER for 3 of them and could probably resell 2 of the 3 to the current tenants, at a $10k-$15k PREMIUM OVER WHAT I PAY HIM.

. ($150k homes in the area would rent for $1200 - $1400 per month, so getting $1700 a month on a $1400 rental when offering an OPTION TO BUY, will bring a premium rent and people will gladly pay it, because no one else will even finance them because of one reason or another) I agree to give them an option to buy the home for $165k in one or two years.

Generally, insurance with higher deductibles has much lower premiums.