Also, we are interested in the property for a permenant residence and we like the place but it does need some work, which we are willing to do but we don't want to pay thru the nose for it as this would likely diminish the decent deal we would be getting with an REO.

We've both got a nose for a bargain, and decided that we need to put it into systematic practice.

Of course generally I just told the seller that his mortgage was not very valuable, that they generally sold at really steep discounts and (judging from his runny nose) that he would be really lucky to get 50%.

I went to the hospital obviously, rushed by a co-worker and was x-rayed and found out that it was fractured in 2 different places and was wedged out of place.

Most I have seen use a fee agreement with the NCND on the commercial side.The fee agreement has a disclaimer that they are not a securities dealer,financial planner,mortgage broker,etc.It simply states they are a business consultant and xx number of points will be paid from the closing to be put onto the loan.Basically a fee for bringing two parties together on the commercial side to do a transaction.This can be for energy,gold mine and other deals as well.The key is full disclosure.Residential is highly regulated unlike commercial.On the commercial side everyone is trying to slam in deals before the government wants to "regulate something" and stick it's nose where it doesn't belong.On the residential side you have the Georgia Residential Mortgage Lending Act which ALSO states you are NOT allowed to counsel people with loan modifications etc. unless you are licensed.So as said the feds have rules and the states have rules and you have to make sure both are covered.

Now you may find somethimes that what you seek is right under your nose just keep looking 8) !

With a high of 18 next week, you could be cutting off your nose to spite your face.

I made the huge mistake of not documenting where I got the data from as if I would always be able to go back to that page (I know its right under my nose) but I can't remember what site that was that gave me those stats.

Philosophically, I have discomfort with the concept; we endeavour to provide a service offering more value than our competition and do no see the use of a financial incentive to differentiate ourselves.

Back then, banks had a TON of inventory and the housing market was in a nose dive.