In today's credit market, there's little chance you'll qualify for a conventional loan without verifiable income, so even getting traditional mortgages against 4 properties is going to be tough without a co-signer.- Without any money to put down, you're unlikely to get traditional financing, hard money or rehab money in today's credit climate.

When leasing a property with the option to buy to a tenant/buyer, you can put the TB on the lease and hold it in escrow so the TB can refinance and not have to come up with a downpayment as in a conventional mortgage.

For example, if I am interested in buying a home priced at $180K, but would like to place an offer between $97K-$130K paying with cash, would the banks choose my offer first, over someone looking to use conventional financing?

Inventory levels decline and prices begin to stabilize and you missed an opportunity because there are now more buyers than available homes.2.

However, neither of us have the down payment available to acquire conventional commercial financing.

RealtyTrac tracked foreclosure-related filings on 2.3 million U.S. properties in 2008, an 87 percent jump from the year before, with 861,664 homes making it through the entire process to become REOs.The Mortgage Bankers Association's surveys of members suggest one out of 10 mortgages was either delinquent or in the foreclosure process at the end of September, and Moody's Economy.com estimates 12 million homeowners are "upside down" -- they owe more on their homes than their properties would fetch in today's market.RealtyTrac senior vice president Rick Sharga told attendees at the Inman News Real Estate Connect conference in New York City this month that an analysis of 500,000 distressed properties in four states in the company's database found only about one in four were listed for sale in a multiple listing service, or MLS.That suggests that as many as 75 percent of distressed properties have yet to hit the market, Sharga said, and that many of those homes will soon be putting pressure on inventory and prices as banks repossess them and put them up for sale. . . .

Things pulled back and the excess and bad inventories were liquidated through the RTC.This set things up for the bigger build up in the early 90's through the tech bubble and lurching even faster forward as the credit faucet was opened full in the late 90's and early part of this decade.

I however do not have the ability to do a conventional Mort. b.c of my own DTI but i have decent credit... oh joys of being in a pickle...i may try a blanket mortgage with one of my other rental properties to try to close this one.. but i wanted to run this by everyone.any thoughts or comments would be greatly appreciated....thanks Ray

Countrywide did not pull title or missed that the vesting was wrong when they took their asset back into inventory (REO).

The weekend of Feb. 25, Wells Fargo's insurance division is scheduled to host a 40-person team for a two-day meeting at the Mandalay Bay Hotel, according to the Las Vegas Convention and Visitors Authority.