That is money out the window and all the way to India.How ever, when Hubzu has failed on the auction style, the property goes on a Traditional sale, TRNL and now I see "bogus" and "phantom" offers made.

The acquisition is on a personal basis with traditional 30 year financing.

(Christian)How about the Army of God and Eric Rudolph?

Is there other, more traditional, financing planned for this property?

We are more traditional investors who just love working together along with our 4 kids in the business.

3-bedroom (could be 4-bedroom), 2-bathroom traditional home in Virginia.

The low inventory at these price points has been going on for some time and has been making it difficult for many traditional first time home buyers to make their first purchase on their desired timeline (multiple offers, some for cash or above asking price).

Traditional lenders have told me I'd be lucky to get a $100k mortgage, which might get me a condo, but really I'd like to start with a duplex.

I'd have no "skin in the game" besides the contract is new the full amt etc. do lenders work it people like this or is it like traditional loans where u must have a certain percentage to put down?

Points can go both ways traditionally points are paid by the borrower to the lender for a rate chosen however there is rebate points which the lender pays the borrower for chosen rate for example4.000% borrower pays 1 point to the lender for this rate4.500% is a -0- point rate5.000$ the lender pays the borrower a point for this rateNotice in this example the lower rate at 4% the lender gets paid a point then at 4.5% neither the borrower or the lender pays a point to one another then at 5% because the borrower is taking a higher rate the lender is willing to pay the borrower 1 point.