I requested a settlement statment prior to close and did not get it.The closing took 6 hours because the lender kept screwing up the settlement statement.The HUD-1 at closing did not have page 3 completed just a line through the page with with NA hand writtenI compared the GFE with the HUD-1 and found I was charged 60 percent more for title insurance, 50 percent more for title fees and 15 percent more for the appraisal.My questions are since the GFE was on the old form does it meet the requiremnts of GFE within 3 days.I believe they violated RESPA with the excess fees Do I file with the state banking authority, HUD in D.C., or the bank or all three?

If you enter a project with hard money you can get in with as little as 0 to 10 percent down and sometimes you can refinance the full balance to a low fixed rate loan within 3 months depending on the situation.

Never give up, the next call could be the deal of a lifetime

The scenario I threw @ them:Owner finance @ a reasonable rate (TBD)10 percent down(That too is flexible)Balloon due in 5 years(Or would installments after a X lots are sold, areas are timbered, etc) More info490 acres(purchase price..750kish.

What type of percent on the property value where you thinking of offering?

I think we are in a once-in-a-lifetime opportunity to buy RE at historic lows in terms of the face value of the asset and the interest rates.

If you receive a deed in lieu of foreclosure you will need the correct payoff and discount for tax purposes again.And, if the note is subject to Truth in Lending, you need to have an accounting of interest within 1/10th of one per cent.

However, it really intrigues me as to why people want to sell these units that have an 8 to 10 percent cap rate?

You can do well in RE for a lifetime and never use the term "Consultant", please don't go there. :)

By being a perma-bear, you're missing out an opportunity once in a lifetime to get ahead in life and put your family and possibly future generations on a solid foundation for years to come.There are certain things in life that you can control, and your destiny is one of them.