Everything hinged on housing prices which was driven up by household debt, then wall street further leveraged these securities thus building the house of cards that would fall when the linchpin of ever rising housing prices stopped.Balance sheets of the household sector are still weak.

I had a bank that would do a refi at 85% of the tax card.  

Well I have to confess, when I was a beginner Investor years ago I used to just send my contractors each a  gift card for $50-$100, and my thinking was that I did show them that I care about them.

While the project takes place my monthly payments will be paid with credit cards.

I've heard that some people have used credit cards to secure properties.I'd like to use my credit card to pay for the closing costs.

@Pyrrha Rivers  Yes, the main things in Credit Scoring is-Length of Credit History of Accounts-Have 3 Major Credit Cards Reporting with No Late Payments --Revolving Balances below 30% of Limits-1 Installment Account-No Collections, Judgements, Public Records(Bankruptcy/Foreclosure) or Late PaymentsThese are very good guidelines...And if you want to get a boost of your scores and have a Family member that has a Seasoned Credit Card(Opened CC Account for over 3 years) that will report Authorized Users- they can add you as an Authorized User and you can have that credit history on that card added to your report...Hope that helps!

Unintentional or not, missing payments on a credit card is a BIG issue.

Determinations are still subjective but the reference and support material is easier to follow and instantly available.Keep in mind, seller financing in real estate is a very small sliver of Dodd-Frank as it covers a vast area of consumer lending issues, student loans, title loans, credit cards, auto financing, rent-to-own furniture stores, IOW, all consumer lending.

You can have your mailers, business cards, lettered cars and baseball hats that say "I buy houses....really I do

I have worked with alot of sellers lately (in this crappy market) who got Helocs, used their house as a debit card, :roll: and now are upside down because their home value went down 20%.