You’d be shocked by how little actual screening many PMC’s do!

I’m actually pretty shocked nobody has even given me a low ball offer on the house at this point.  

You’d be shocked by how little actual screening many PMC’s do!

I'm too shocked to laugh at this. :)Syndicated deals might leave ~10% for the person who finds and structures the deal, maybe another 10% for managing it, and 80% go to the cash investors. 1% interest and 10% equity on any amount of a cash partner is a joke.

@Kenneth Soles  lastly to put it into perspective.this is not a shock to people if  you lose a home for tax's or non payment of Mortgage.. these folks have been dealing with this for in most cases years.... its not like you woke up one day and you lost your house.the folks that really have it rough though are tenants who did not know the landlord let the house go to foreclosure..

I wasn’t picking on the way you said it.Would it shock you that there are attorneys out there now who specialize in going after private lenders, claiming their intended business-purpose loans are really for a consumer purpose and subject to all legal penalties, damages, and consequences?

My problem is that I know a former would-be purchser who got a preliminary title report from Chicago Title that read the owner--and three prior title holders--never had any legal interest in the property.

I'm absolutely shocked they don't want to get daily emails from her.

You’d be shocked by how little actual screening many PMC’s do!

Preliminary priced from $100,000 to $199,000 for the California market, this home will make an impact in affordable housing juxtaposed helping Californians reach the American Dream.What made you interested in investing in this type of deal?