Non owner occupied? I am only finding 10 and 20 % down loans. Are there still 3% loans available??

since most everything needs to be sold to Fannie/Freddie/FHA right now, you won't find much love on projects not approved by the GSA's...especially at the higher LTV's.

The requirements for a real estate salesperson license in Pennsylvania include being at least 18 years of age and having successfully completed four credits, or 60 hours, of approved real estate education.

Dustin, most lenders have to run the loan thru an automated system and if the loan fits in the "box" its approved.

Your options are out of order in regards to the banks interest in programs they apply for the homeowners in need of assistance.

I received in the mail two free "killer Converstions" CDs that were really quite interesting, taken from a boot camp in which severeal seasoned investors told about there successful programs wherever they were from, which was all over the country.

I am scheduled to close in about a week on a short sale with bank approval on both the first and second. ( both are through the same bank) But now I am being told that the mortgage insurance company for the 2nd loan is saying that they never approved this.

My dept. is currently battling with an FHA rep. who will not approve an FHA loan on an REO we have for sale because he is classifying our practice of liquidating REOs as "Flipping".We recently aquired a portfolio of NPAs from Lehman Bros to service.

Similarly, the Dept. of Real Estate does not allow their licensees to accept an advanced fee unless the fee has been approved by the DRE.It's all these complications that had me wondering aloud about how others who are not attorneys are doing this so "easily", but apparently, your responses imply that most of these guys are truly doing this illegally unless they have an attorney on staff.

Here's how that game typically went The "Investor" who had a 680 or better credit score qualified for 100% financing Stated income/ Stated Assets or No Ratio and for a brief time No DOC ( No verfication of income occurred with any of these programs.