I'm using FHA financing and everything has gone extremely well... until now.Despite asking my mortgage broker on multiple occasions if I'd need cash for anything in addition to my down payment, inspections and appraisal, he has just informed me that I need 3 months of reserves (about $3,500) in my checking account at closing.

This motivates them into working with you to come to an agreement and get the loan reperforming.The NPN investor I spoke to said he has proceeded with the foreclosure and taken the property subject to the first on a few occasions and in some of those the first threatened foreclosure and never followed through.

I have, however, been to court on occasion over the course of my real estate investing and I've seen where the outcome of a case doesn't necessarily involve what's written in the law but rather by which judge you are standing in front of.

@Adam DemchikI spoke to a financial planner buddy of mine and he said on the rare occasion that they have had clients go this route they send them to pensco trust company.

I didn't have a lot of trouble with tenants or sellers or buyers in my investing days, but, on the rare occasion that I did, I would always ask the question:"What is the amount of the check I need to write out to make this problem go away?"

Finally banks do go broke on occasion or change policies on lending that limit their ability to help you at a crucial time.Please note that I am not nearly as sophisticated or knowledgeable as many members on this forum, and am only speaking as a person who gets loans not gives loans.

I have personally met Than and Paul on a few occasions.

You could also look into mobile home trailers most of the time they are sold separately from the land but on different occasions theyare sold WITH the land .Best of luck !

I also visit her blog on occasion.

I've evicted tenants on multiple occasions for breach of lease not related to payment.