My father has been a broker for 25 years with the largest privately owned company in our area, and my grandfather owned various pieces of property where he lived.

i thought that the direct sale of a bank owned property to an investor was a private transaction and did not fall under respa guidelines?

It is okay to remain anonymous if you just want to learn and chat, but if you are trying to do deals, then, I believe, our users really should come out and reveal themselves.

Here would be my background: Several years ago I purchased a 10 acreparcel, split it into smaller lots, and sold them, after having only to put ina private dirt road/drive, and pay for surveys and perk testing.

I help investors find privately sold properties across the country to invest in.

The sale was to a large broker who in turn had presold them to 7 of his own smaller accounts.Now this is the first time he/we have done a reverse but it will be the first of many and thats where I come in.Right, I'm already fed up calling my friend ' he ' so I am taking the liberty of nicknaming him 'Davey' as I write..He'll enjoy the private humour in that.Sorry this intro is so long but hope it's some use to some of the members.My email is somewhere in the system when I signed up.Cheers, Neil P

I also found my mortgage broker at a club meeting.I just made a private money loan to a club member in another state.

Find private investor who funds the whole deal and repair cost with his money or a hml.

I have a neighbor that decided to walk through his flooded basement of raw sewage and he is still fighting a staff infection in his privates years later.

I use private money lenders for the 20% down on a purchase plus rehab cost.