I have been a part of deals like this.So, I respectfully disagree, If someone dies, any probate attorney would do anything possible to keep from giving the house to the bank, and the probate court would encourage that, If the estate admin filed BK in a probate, or otherwise had other family member pay a few dollars to save their own inheritance, there is no choice.

Hey John, (think I'm responding to the correct post)Thanks for the encouragement.

The bank understands the reality of the situation and can easily back out the numbers when looking at my tax returns.Why is this allowed (encouraged) by the government?

It is great that you're learning about investing . . . not only will it give you the knowledge to make your way, but you'll also improve your business as an agent with knowledge in various different aspects of real estate.We welcome you and encourage you to ask any questions that you may have, and where possible, jump in and answer a few as well!

FHA mortgage insurance also encourages lenders to make loans to otherwise creditworthy borrowers and projects that might not be able to meet conventional underwriting requirements, protecting the lender against loan default on mortgages for properties that meet certain minimum requirements.

I guess some people need hand-holding, or huge injections of encouragement, or the perfect 'plan', or whatever.

This may further encourage him to lower his price.

As moderators we try to answer in a way to point the newbie to the posts that already covered the topic previously.We encourage you to go through the forums that appeal to you on a regular basis.We will keep the vigil and do our best.

I encouraged him to foreclose faster than the first and he did.

That said, there are some lenders that will shy away from providing funds to a buyer who is participating in a double or simultaneous closing (they are concerned about both fraud and chain-of-title issues), so you could run into that as well.My best suggestion is to find lenders who will support your purchase and sale strategy and "encourage" your buyers to use your preferred lenders to finance their deals.