Certain undocumented folk, using a translation page have found the communities they want to live in from an internet cafe in Central America, so certainly the regulators can find a retailer or community making advertising claims about financing they are prohibited by law from making.From a regulator’s perspective, the entity that is willing to violate the rules on advertising financing, is likely willing to violate or ignore other rules as well.

So if you have the borrower's social #, property address, loan # or MIN #, and can gain access to Bloomberg or ABS Net, you can do something called a "trust search" using a mortgage auditing company.

Hello,Just curious what you all thought about the idea of using a loan from your 401(k) to finance the purchase and rehab of a 1st property.My plan would be to use 40-50k to purchase a small rental apartment, fix it up, and then refinance the property to pay back the 401(k) loan.Any downsides to this?  

Hi @Rob R. which service are you currently using as SmartMove typically returns the reports pretty quickly?  

On a job that large, you should have multiple bidders if you're not using a contractor that you use all the time.

Also I will be using a Fannie Mae Homestyle Renovation Loan if that is pertinent as I am not at a point to pay cash just yet.1. 

I'm using a HELOC so buying and holding a multifamily unit is not the most desirable.

If it is good (and you have a good income) lending is easy.I don't recommend using a buyers agent.

BUY quality SINGLE FAMILY homes SFH.that appreciate.4.Always do a home inspection using a certified home inspector ( with utilities turned on) and separately  hire an A.C. company to thoroughly inspect the state of the HVAC ( it might be blowing cold air today , which passes a home inspectors test) but the coils might be shot and the system riddled with leaks and crushed air handling tubes.

Using a trusted 'contractor' is anther route but again what happens when one part of the relationship (e.g. does not fix something urgent on time) gets rocky.