A fine gentleman that carved a different part and saved s dying company.

The specific wording I've seen for BoA REOs (when sold to investors) is:"Grantee(s)/purchaser(s) of the property may not re-sell/record an additional conveyance document/or otherwise transfer title to the property within 60 days from Grantor's execution of this Deed."

The mortgage just appeared on my credit report last month and my scores today were in the 660's - 680's.

Whether the wording is enforceable or not, most bank will not honor a conditional endorsement and you need to have a special arrangement where you verify the endorsement before the item is paid.I believe Beneficial finance or maybe Houselhold used this idea at one time (maybe mid 1990's) where they sent out $5,000-$10,000 checks and people that cashed them had an instant second mortgage, maybe it was unsecured, but the homeowners believed it was secured by their Real property.

Since then I've done two more.Here's my current section 8's and some pictures I posted on them at one time.

I am 1099'd and my husband owns an S corp business so traditional funding is questionable at best.

Most quads are in the 200's that rent for 600 a unit.Thanks for the response Mark.

Can someone explain what ratio(s) the banks are looking for when underwriting a loan on a condo (i.e. number of rentals vs. primary residences)?

The inside turned out to be a little 1950's gem with a lot of nice finished wood while the outside is ho-hum.This is a low income neighborhood with some recent burglaries.

Sure the scale is different, but it is the exact same model used by power brokers in the 80's , exact same, just scaled up.