I went to the $50 show for Ron's new ACTS program, which is essentially just helping homeowners do a long term L/O their upside down homes (and keeping the option money) the way I understand it.

As Dodd Frank Act coming, I can see that LO investor should use MLO ( Mortgage loan originator) as our middle man to structure a deal.

Karen,, from my knowledge,, prior to the safe act.. to do hard money ( private lending) in CA you needed to do that through, or as a RE broker. a RE broker can do these loans ( I am one and can do them) and an NMLS licensed LO can do them without being a RE broker..

We know that cash basis contractors have zero chance of getting a bank loan so he should never have been put into a lease-option no matter how bad he wanted to buy.DF doesn't have the above scenario in it's bullseye but buyer affordability certainly is and by inference ethical behavior by the investor in L-O.

I'm not sure what the OP is asking, a guy does L/Os, is this your property, you buying with the L/O.

The key when talking to the LO is, "have you verified their credit, income and assets" then give the borrowers 7 days for loan approval - the appraisal, so you'll only have the property be tied up for 7 days and keep the MLS listing in "Back Up" vs "Pending"

I think she is looking at freeing up equity, so a S-2 or L/O won't help on cash-out for an existing investment property.Personally, I'd be leery of investing (as a private lender) even at 50% LTV with a person who had a foreclosure.

Realtors and LO's were pointing this out to homebuyers as well I'm sure.Again, this is my opinion and maybe I'll be proven wrong.

In that situation Andrew would just be able to evict the tennants and not have to forclose (if he used both a LO and rental contract).

I've been reading lots of LO posts and have seen people saying that they farm from MLS-listed properties.