It seems to me from your questions you have been dupped by insurance salesman, I suggest you educate yourself on the concept of investing, retirement planning, insurance, etc.

Therefore, you want to obtain a list of all foreclosure complaints filed in a certain time period (month of July, for example) in order to reach out to those owners/borrowers.

You have to educate yourself first though PRIOR to taking any action.

Start by reviewing everything under the Education section and listening to podcast interviews.

But either way was a great education. 

As long as they were all done in a short period of time like 30-60 days of each other, FICO will see it as you are shopping for mortgage.

If you set it up like a normal loan, periodic additional principle reductions automatically reset the schedule which can be calculated with any number of calculators.

Yes, some folks made a lot without school but with a college degree (good one)  you will have lot more leverage for next 50+ years in your life (i.e. you continue your education with good grade for next 6 years and if you do it right , that 6 years will pay your back for 50+ years to come). 

I know that @Shiloh Lundahl often offers education at his meetings and has a way for new investors to learn and invest at the same time.  

Account ClosedSo I'm not very educated/experienced here, which may be a good thing in this case, but why not just ask him to loan you the 5K?