`(i) Premiums- For each refinanced eligible mortgage insured under this section, the Secretary shall establish and collect--`(1) at the time of insurance, a single premium payment in an amount equal to 3 percent of the amount of the original insured principal obligation of the refinanced eligible mortgage, which shall be paid from the proceeds of the mortgage being insured under this section, through the reduction of the amount of indebtedness that existed on the eligible mortgage prior to refinancing; and`(2) in addition to the premium required under paragraph (1), an annual premium in an amount equal to 1.5 percent of the amount of the remaining insured principal balance of the mortgage.

Thanks for all of your advises, it turns out this agent is in the middle of quitting (or being fired) from the current broker and getting in to another; he has been sitting on doc for over 3 weeks (mostly basic REO disclosures that needed to be signed and return to selling agent) that he didn’t know how to pull them out of Windforms (Realtor Online Contract data base); asked seller’s agent questions about them over and over; lack of REO knowledge (REO Specialist printed on his card) and couldn’t care less for his last few clients…Relayed the facts above (with a little help from the selling agent) in addition to the tangible misled evident to my agent’s boss and got only 18 moths worth HOA fee ($810) credited.Yes, another rookie’s lesson learn; just didn’t think he would be that much out of line for a major issue like such; considering he’s a 72 year old guy with shallow ethic.

You should collect it from the end buyer.

Just control the property to present to your buyers based on the information you collect (ie . sellers disclosure) or get someone off craigslist.org Pay them $20 to take pictures, video the house, and complete an inspection sheet..

I give more weight to solds than listings, but if there are multiple listings of comparable properties in the same area, then they define an upper bound on the value.Based on that data, I'd say $70K for the first deal is not a good deal at all

How can I work with the seller so that it is understood that there is no agency involved, and in this case is it legal to collect a commission or finder's fee if the property does sell immediately?

Consequently, many investors end up with properties with amazing cap rates (they just have a very hard time collecting any rent whatsoever).

A title company may be able to provide data to.

or a script to give to your live operator to collect certain information?

Get sold data.