It's called a fractionalized or multi-lender loan.  

There are some good deals to be found in ironbound, we are looking at some conversion projects on commercial stuff, but 2-4 family is competitive and expensive. 

VA and DC have a very competitive residential real estate market, so getting good deals to flip will take creativity.At the end of the day there are brokerages that serve all three areas... so you have many options to choose from.

Detroit Iron had no competition.

.- loans esp. jumbo,commercial, and HML are cheaper in CA due to competition (3% 5yARM w/25y amortization in hot metros matching the low 2-3% cap rates!)

AHRN is more heavily used since it's free; militarybyowner charges but the most basic ad is quite reasonable and there's far less competition there.Gail

I think some thought there was too much competition at the auctions so then started buying the NPN directly from the lenders.   

Further, the Agent has to sign (and notarize) an Affidavit confirming that the home was available to the public at large and that open market competition was gained for a minimum of 5 business days. 

They look at how competitive the listing will be in the local market and make a decision from there.

Looking for a way to search properties with less competition.