I asked the attorney for controlling authority - ANY controlling authority to support his position.

And, Direct lenders have underwritting authority and make the loan, fund at the table and sell the note with recourse in the secondary or they can hold for awhile for a larger block of loans to another investor.

Any partnership or LLC requires cert. of good standing with partners names, minutes authorizing the transaction, IDs of those signing and certified funds disbursed by the escrow.

NOPE:)- BUT THE NOTE BUYER WOULD LIKE TO SEE SOME KIND OF APPLICATION AND AUTHORIZATION TO PULL CREDIT THE IS LEGAL IN YOUR STATE......4.

I will email him with more questions about the HELOCs like is the a balloon, is there a first mortgage, and an authorization to release info form.

He did not qualify for a loan and like the guy mentioned it was clear that there was mismanagment on his personal financies.Long story short, I bought in to the property as a partnership and while I had the smaller piece of the pie I was the manager and had authority to sell at 10% below any appraised value.His financial problems were solved and he was willing to turn everything over to my judgment.

Your local public housing authority may have some suggestions as well.

If so there are probably issues with BOA having the authority to foreclose/

I was told by one expert that if the state authorities object to it, then stop doing this.

when we go we give our tenants their number and authorize repairs.