My military background and personal use of the VA Loan have given me priceless knowledge and experience in the procedure and workings of this great program.

There is no cash flow from it and the only way to realize any returns from it is to either wait for the borrower to start paying (or sell the property), or you'll have to follow through the foreclosure procedures and a process to fix up and resell the property that note was associated with.

Google up the state state statutes....that's where the law, procedures and waiting times are.

You will need to have check-in and out procedures, including a way for someone to get and drop off a key without you having to meet them there.

Repeat the DE and vacuuming procedure for a week/two weeks, taking care to clean the bag and spray down the vacuum each time.

(Bottom of page 2: http://files.consumerfinance.gov/f/201503_cfpb_regulation-x-real-estate-settlement-procedures-act.pdf)

Two different issues at play here:1) Contractually/legally: whether you are entitled to return of the EM2) Leagl procedure for releasing the EM to either party: in most jurisdictions, without a signed release from Both parties agreeing to release of the EM to a certain party, the firm holding the EM can Not release it.  

Ben Roberts@Ben Roberts Starting small, implementing rules and procedures is a recipe for success.

It's part of the start up procedure.

I'm curious about oversight, ethics, procedure, etc. that govern courthouse property foreclosure auction by counties.