If you are buying bulk reo packages, the Compiler is the closest person to the bank as Midas already mentioned.

Other companies are more flexible and will let you make loans, buy a house or invest in securities that aren't publicly traded.

A wrap or AITD transaction includes you transferring title to the buyer and taking back a lien (trust deed or mortgage) to secure the loan you are extending to the buyer.A variation that some will use is a land sale contract.

If you had a 1 bedroom penthouse with secure parking and other things that are not reflected in the data you will have issues.

I sent them my package and a few hours later, the lady called back and said this is my offer and we are not negotiating any more.

I also think it is a cost of securing that asset protection by using an LLC.

You obviously need to know the property's value, estimate your costs to secure and rehab, project your marketing time or exit strategy.

In the RE context the note is normally secured by collateral that is RE.Buying and selling notes if both a niche business and a big business.

I'm currently trying a short sale, just got off the phone with the seller after having met her this weekend, authorize to release info is filed with the lender so hoping they get out their short sale package soon.

They never even open the package.