The 50% rule seems ultra conservative and very difficult to obtain in the ca market.

It was supposed to have been "cleaned up" and was purchased once in 2011 after the meth problem.My realtor is saying the home still has the stigma even tho it was supposed to have been treated and cleaned and even gone thru a new owner 3 years ago.I have obtained a copy of the Certificate of Illegal Drug Lab Cleanup from the Indiana Dept of Environmental Management.

Not to mention that CF will be harder to obtain as prices go up.

Hopefully your borrower is cooperative and you can obtain the last couple years financial statements from him and hopefully he is maintaining some decent cash flow still.  

At (annualcreditreport.com) you can obtain one free credit REPORT a year, but not your scores... 

I was just told that my wife's credit is factored in when obtaining a mortgage, even though she doesn't work and won't be signing for the note.

On my contract says closing company takes care of title insurance and contract is not gonna be closed unless seller obtains correct and insurable title.

Marlon: My business partner went through a broker to obtain the no doc unsecured line of credit.

My states defination for a mortgage broker is the following:21(a): "Mortgage broker" means an entity that obtains, attempts to obtain, or assists in obtaining a mortgage loan for a borrower from a mortgage lender in return for consideration or in anticipation of consideration.Since note finding does not relate to obtaining a mortgage loan for a borrower from a mortgage lender...then I do not need to be a mortgage broker in my state.But your entire blog discussion did not examine another very interesting law that relates to referral fees related to real estate related transactions.

The Dodd-Frank and the Consumer Protection Act have made it virtually impossible for a consumer to obtain a hard money or private money loan anymore.