has anybody heard of Rapid Flip USA a owner finance program

Also, homeowners in default vacate their houses for any reason they see fit...mostly because they are done caring about the property...they have to leave anyways, why not move on with their life before they bank evicts them.It is also no concern of the investor why the homeowner chooses to move out.If you can swing it timing wise it is a good deal for several reasons...the house doesn't sit vacant....you have somebody living in it that knows the deal (you disclose to them exactly what is happening and charge them a monthly rent below market value)...they can show the house for you if need be...the utilities get paid...and the investor can make some positive cash flow while negotiating...let's stop pretending this is hurting anybody...and most of all...dont make me think for a second we are concerned about the lender losing money because the investor is profiting....its the homeowner in default on the hook and nobody else.

I don't think it will fit behind the front upright.

So I'm reading 100 pages of mind numbing dribble creatively known as the "Troubled Asset Recovery Program"; aka, "TARP".

My mortgage broker/friend said he seen programs that go as low as 490 credit score but they have some pretty strict terms.

I've turned down plently of "deals" that had no equity simply because they didn't fit my formula and exit strategy.

It rolls the renovations into the loan and it only requires as little as a 3% down payment in some cases.I've read a lot about the program on FHA and other sites so I understand a good deal of how it works.One thing I haven't come across is what the requirements are for being an "owner occupied property".

Then when everything is acceptable, both sign.Then the buyer makes the changes to the contract in our document assembly program and reprints the documents on the spot.

New program is effective today. Here are the details:

http://www.hud.gov/hopeforhomeowners/index.cfm

Borrowers may be eligible if (among other factors):

The home to be refinanced is a 1-unit primary residence, and...

If keeping his business separate fits your plans then there is nothing wrong with doing it that way.