My guess is that it’s possible they might have been able to negotiate something like $250,000 down and a owner financed note for $550,000 at 9% interest ballooning in 24 months.

They have access to your county court house documents where you are encouraged to send out 200 letters a week to the leads you are given.

A tenant that I’ve had for about 5 years emailed me tonight with a ESA letter from a mail order website.

I work with a great lender team that can get you an initial ‘Pre Approval’ or letter of intent. 

I would be looking at 7.5% interest, 5 or 7 year balloon with a 20 or 25 year amort.  

I always send my proof of funds letter in with the contract too.I offer to use the agent with the whole deal if she brings me the deal so she gets her full commission. this is just my 2 cents .KC.

I don't mind letters, just leave my phone alone when I'm waiting for important medical phone calls. 

MIGHT.For anything else, use the full owner finance scenario: deed, promissory note, deed of trust...Close at a title companyUse an RMLO and loan servicerNo balloon earlier than 60 months (not recommended at all)Sales price = licensed appraisal (MAX). 

The uninformed will fall victim for sure.Lenders of all types should require title insurance and also obtain Insured Closing Protection Letters -- the validity of which can be independently verified.

The letter grades are subjective and really will change from person to person.