And, depending on volume, it can take the county clerks days or even weeks to get instruments on record.

FHA requirements for owner-occupancy state "At least one borrower must occupy the property within 60 days of signing the security instrument and intend to continue occupancy for at least one year".Not sure what your exit strategy is, but keep in mind you need to season the title 6 months before you can cash-out refinance into a conventional loan and use the higher ARV.

Welders, pipefitters, electricians, boilermakers, instrumentation, insulators, iron workers, crane crews, pipeline crews, scaffold builders plus their management.Find a niche and exploit it.

Then, some yahoo dreamed up some of these exotic loan repackaging instruments.

I could spend $30 on a mobile home book, flip 4 trailers, and have over a grand a month of income for over 4 years.I have no problem with NR as an education instrument, I have a problem with its price and the MLM portion to it that turns newb investors in zealots.Sorry, this doesn't answer your question, but it is my strong opinion.

The court can issue a 1099 (to the borrower) for the difference or they may send the borrower to a collections agency, or even garnish the borrower's wages.In regards to foreclosures, Trust Deeds are a written instrument legally conveying real property to a trustee (or a third party) used to secure a mortgage or promissory note.Trustee's SaleA sale conducted by a Trustee, in the case of foreclosures, this refers to the sale of the property in question.Notice of DefaultWritten notice sent by a lender notifying the borrower that he/she has not met his/her obligations under the loan contract, and the lender may take legal action to enforce said agreement.

The option is also powerful in that you can just make it a condition of the wholesale that the seller sells to the end buyer and you get paid on the HUD as a satisfaction of your lien instrument.

People generally buy notes as income instruments, not as back-door purchases.

The funds sought to maintain a $1 share price and only invested in the safest short-term instruments available.

Oh and by the way Krzy... that is a five string bass that i do solo instrumental stuff on.