My general impression and experience is that most institutions do not prepare you for the "real world" and do not prepare you to start or run your own business.

Most REO sellers are institutions that do not want to see the buyer changing before the deal closes.If you are expecting to buy, close escrow and then later sell there is no issues other than short term gains are taxed at a higher rate.

In the state that has the richest heritage of witchlore...On July 23rd, the Massachusetts Senate passed Bill No. 2296 (http://www.mass.gov/legis/bills/senate/185/st02/st02296.htm) seriously handicapping the use of adjustable rate mortgages in the Commonwealth.

Minna,All of the major institutions I have dealt with have a clause somewhere in there 4 to 10 page purchase addendum - that prohibits assignment. addendums are binding and it pays to read all that mundane legalese - you'll probably find a single sentence or two in there, somewhere!

Can I get a loan from the same institution or another bank?

Near Area's Major Institutions :idea: :idea: :D Thank you for your input!

I just bought my first property (rental 3 family) and I still want to explore other avenues such as rehab and flipping. I don't have any resources and would just like to have some kind soul take me under their wing an...

Unfortunately he has to be nameless but he does massive REO deals with some serious institutions.

Hello,:welcome: to BP.Where in MA are you located?

I used to train and race in NH and MA back when I was racing bicycles.John Corey