Neither the LO or the borrower disclosed the other property on the REO schedule of the 1003 and the mortgage was not reporting on the bureau, so his actual DTI was not reflected.

I service 38 states, so I am looking to partner with several RE in each state - so I can have a contact to refer to my borrowers if they don't have an agent at the time of application.Check out our website, state of the art "RATE QUOTE ENGINE" and we provide a GFE on line as well- 2 hour pre-approval results- return phone calls (even on the weekend)- provide credit reports to my clients once I pull them- Get the deal close within contract period- very knowledgable and know how to "STRUCTURE" a deal.I know you have heard this before from others - so let me prove it to you that I am worth every penny of the commission I earn.Work SMART...

Anyone who thinks borrowing for "tax savings" is cheaper is fooling himself.all cash

One think that experienced mortgage broker doesn't do is waists borrower's time and offers unrealistic expectations.Respectfully,

I've never met a "hard money" lender who actually offered and gave somebody "hard money," all they do is help conventional borrowers with low credit scores.

That said, the money may have been his or it may have been borrowed -- there are some lenders (transactional lenders) who specialize in loaning money for double closing situations.

Any investor that is going to be buying a note from you will want to see your borrower's credit report, and they will see that this person was behind and you bailed them out.

I've NEVER been to any of the pay seminars, or bought any of the programs, although I've read lots of the books (library) and heard some tapes (let me borrow it for a couple of days to see if I want buy it).Back in the day when I was still working (I was a sales rep) I would go sometimes to the Zig Ziglar and others "motivational/sales/postivie thinking" day long events.

A great deal more would need to be shared in order to give you advice.There are equity based lenders that will entertain offshore funding projects; expect the need for the borrower to come in with 25-30% to seal the deal.Regards,Scott Miller

If I have to put my own money to repairs, and then, submit receipts, etc. to get reimbursed, then why would I want to borrow money for repairs in the first place?