My best guess would be that brokers get selected by the asset managers, then go through the process of registering with HUD, though I'm not 100% sure.

But, from September 2010 to March 2011, I foreclosed on 8 properties, and, following advice from property manager/realtor, listed most of them for sale shortly after acquisition.So I guess both of you agree that I should add it to the basis.For my notes business, I use the Cash method of accounting (I believe).

But I guess it’s where your mindset is from the beginning.True, the training didn’t tell you how to CLOSE A DEAL, but guess what, if $199 told you how to do that, and you ran out and did it, but did it incorrectly or just in such a rushed state of mind because of your situation, then you’d be hurting worse off than you are now.I knew you weren’t going to get the secret nuggets for $199.

Unfortunately banks are balking at these loans b/c I guess they see them as more risk/exposure as well as alot more work involved to underwrite the loan when they can underwrite much simpler loans and make the same money for alot less work.There are definitely banks that will do it for you, just have to find the right one.

From the description, I'm guessing this is crop insurance.

I would guess the lender might to to foreclose right?

Guess what happen, we had a 500 year flood in Memphis.

I guess I better get used to this paperwork anyway.

I guess what I'm getting at is that I was not 'cornered' into RE, and I am not in RE "to survive."

I guess I'm a bit surprised there aren't better deals to be had then that.