So, the ploy is not a sloution, but a delay tactic allowing a buyer to obtain financing later.

Wondering if anyone knows a bank/banks that would provide a line of credit secured by a pool of notes? We have over a hundred notes that are owned free and clear and wondering if there is some way to take a loan out a...

We have spoken with an attorney concerning this, his advice is to contact the previous homeowner and try to get his cooperation to do a short sale/obtain power of attorney and/or contact Fannie Mae/BofA and try to negotiate, or the last option is to bid at the BofA foreclosure sale.

JThomas,On REO property once you do obtain the property from the bank via your cash offer you can either vest title to an LLC then sell shares in the LLC or sell the the LLC outright.

Then again, if such is presented and the person whos signature appears and they acknowledge the signature in testimony it will apply, an acknowldgement in writing can also be obtained or provided.

I would be looking to refinance to get the HML or other investor out and obtain a new mortage based on the ARV and improved value.

SO is there anyone or anywhere i could obtain that from ?

I do decline VA offers, which I hate doing, because I support Veterans, but I've never once had one close anywhere close to on time.The standard Texas Real Estate Commission Contract has a clause that says the buyer can terminate and get their EM back if they cannot obtain financing within ___ days.

@Nick CiarnielloYou need to collect far more information before you would know whether you have a deal worth pursuing:who are the clientele;how does the rent role compare with the local neighbourhood;what is the economic vacancy (physical vacancy + turnover + uncollected rent + evictions);what are the operating costs;what is the physical state of the assets (roofs, HVAC, envelope, appliances, parking, etc) and how much near term re-investment is required or likely;what is your target rate of return.You want to obtain real numbers (not rose-coloured prospectus projections) for the past 2-3 years and use them to carry out your own discounted cash flow analysis of the property.Also keep in mind that properties freshly on MLS - particularly during the hopefulness of spring - are rarely priced appropriately to be a deal.  

For someone starting off I think the three easiest and most obtainable ways to creatively finance are- low down payment owner financing- finding a partner that will be active in the business with you- find a 1st series of investors (friends family) who will be silent partnersJust keep it simple and take action !