Other companies will follow suit and their role will be to "minimize damages" for their customers....lenders, loan servicers, and private mortgage insurers.

I'll reply privately to that.

Currently I work full-time as an offshore surveyor, and I am a regional affiliate for a large private investor group that finances residential and commercial property.I am originally from Nacogdoches Texas, but I work mainly in Louisiana now.

Like Dan was saying, private money, portfolio lenders, small banks, and credit unions are good places to go for financing.

We represent investment banks, hedge funds, REITS, and private equity firms in acquiring property.

I don't know the Peterson guy, but Todd Morgan was putting on some Private Money seminars and said he could get access to Private Money instantly (for the right price, of course) I never got in so I can't say what his credibiltity was, but I hadn't heard anything negative about him (yet).

Here's the direct quote: "But it wasn't long before the Association of Plumbers, Steamfitters and Service Mechanics revealed that Wurzelbacher was not a licensed member of their trade."

I was told I should buy a house with 50% cash, 50% loan.. and that I should be able to get a loan from a private lender even with bad credit... any advice anyone?

I have brainstormed so many ways to structure the deal, but unable to find local institutions don't want anything dealing with residential/mortgage and private investors scared of market.

-Michael wait, i'm talking about private homes, not commercial property.