FLIPPING and WHOLESALING are OKAY, but to know that every month you have that income coming in is a UNBELIEVABLE feeling.SUCCESS BREEDS SUCCESS

Or, alternatively, have payments made to a third party real estate attorney who will make the payments directly to the mortgage company on behalf of the seller.

Interesting.Trying to determine a cause for this crisis by looking at policies put into place during the Clinton/AG years completely misses the point, the Banks lent money to those who couldn't possible afford it, sold unregulated securities to people who didn't understand them rated triple A by the corrupt rating agencies, the SEC lifted the limits on leverage the financial institutions could use on the balance sheets and slept through their roles a system guardians, ALL of this occurring in the last 8 years under Republican leadership and allowing the financial community to almost destroy our economy, whilebeing touted by the past administration as years of positive growth, unbelievable!

Research what options are available to you and look into alternative methods of funding.

Your job is to present a sound alternative way for them to achieve that goal.

Foreclosure seems to be the only alternative.

Then you go into a nearly unbelievable tale about how your perfectly innocent friend is being taken advantage of, andthe landlord wants to evict him for non payment of rent and the my friend said he shouldn't need to pay because he has done enough workAnd then the story changes toI just found this out...

Another problem that i hear investors run in to is maxing out their credit. i didn't no that was possible, could some one explain how that works and what would be my alternative if that happens to me.

As a results, I notified the loan office who handled my loan, that I am backing off the HUD deal for the reason previously mentioned and that I'm in pursue of an alternative property.

I would then stress that $5K is better than the alternative, which is nothing, and that the home owner is trying to satisfy the debt to the best of his financial ability without resorting to the obvious option to eliminate his debt after foreclosure.