Michael, Most note participation really only take place in larger balance loans.

I thought they were called that.Neighborhood is full of larger homes w/multiple bed/baths.

As a side note, I hope everyone reading this article has some sort of Universal Life Insurance Policy.

No doubt a lot of people were employed to sort that out along with having to keep on a lot of staff from CW that can be laid off once that is all straightened out.I've also heard rumors that they might get out of correspondent lending, but I don't think anything concrete has happened there.

The above fees don't seem to cover that sort of service which says something.

This doesn’t have to be some sort of agonizing either/or decision.

If he knows nothing of real estate but wants to invest in it, he should put ALL the money in some sort of savings or money market that generates a yield, and take the time to learn as much as he can in real estate.

This tenant/buyer is too much risk, we all go through hard times so unless this was all in the past during a troubled period in their lives and had a good history before and after or since have no bills and stable income it is too much risk.However to protect yourself you could always get a larger deposit to cover payments if they don't pay, make sure you check your local laws first.There are 25 million people in the United States who want to buy a home but don't qualify for financing so don't jump at the first opportunity unless it makes sense.

Of course, the larger you are, the better the solutions.Expect first year start up costs to run about $10,000.00 in Illinois to get all the licenses and satisfy all the requirements.

So, any sort of refinance is a cash out refi.