Marital decisions like this require both parties to be in sync and committed to the plan for it to be a success.

MWMREIBO who enjoys walks on the beach to bank owned properties. rehabbing, marketing/selling real estate deals, and taking vacations to high appreciation markets is looking for someone who has cash and/or can get approved for an investment mortgage and is willing to make a serious commitment to purchase cash flow investment property at a deep discount.

Buyers willing to commit to purchases before construction are harder to find.

Certainly many of these loans were "Stated Income Stated Assets".One of these days the note holder is going to "bite back" and it will be a bad day for the borrower that committed federal loan fraud.

If you give them something outside of closing, then they are committing fraud.

Broker - someone who has no money, small operation in most cases, works a full time job in another field, has no money, no team, always looking for the easy way out with no real commitment, never buys from the bank.

My second extension I was pushed to either show a commitment letter,a 1003 application or a 3000 fee for extension.Tough to do when you dont even have an appraisal yet.

Thanks all, I'm not looking to commit a fraud I have way too much to loose.

Look at and evaluate 100 properties before you commit.

The L/P has a commitment, and we had a higher "consideration" in our arrangement.