Some banks recorded assignment behind our loan other banks just held the orginals in their vault along with an alonge.4.

In my experience, you can absolutely use hard money in bank owned reo auctions...you still don't generally get access and thus need a lender who does need an appraisal in this scenario. 

If youre wanting to make a cash offer, all I can say is that Ive never seen a competent seller/listing agent accept a cash offer without proof of funds, meaning a bank statement or similar document(s) showing liquid cash for closing.

We neeed licensing for wholesalers as well as the banking and mortgage industry to start calling more notes due.

.: Quote from @Jay Hinrichs: Quote from @Matthew Banks: Very interesting post John.

That is a true portfolio loan with a commercial loan and through a commercial lender or bank that provides portfolio lending.

Are there other options that could be better for a construction to perm loan (not through a traditional bank)???

As mentioned, we "openly and notoriously" record the deed for the world to see so there is no hiding things from the bank (which could be construed as fraud not to mention poses many other risks for creditor liens, etc.) 

It actually went to auction initially on the 8th but no bidders except the starting bid which I believe was the bank.

During the entirety of 2021, I hosted monthly meetups in Fairview Heights, IL (just outsde of Belleville) that brought in real estate investors from the metro east.