Most studies show that a private company can create 20 jobs with $1,000,000 while the Federal Government will create 5.J, your ice cream/swimming comparison is like saying that if you want to be tall, become an NBA player.

Gold up from $200 in 2001 to $1540 now is the RED flag something is wrong in the country... 250k people lost their job last month, only 54k created (minus 40k from Mcdonalds).. no recovery, massive debt climbing..

Now we won't pay you a red cent"Or, maybe he cuts a finger off while installing the system.

Jon is totally right, I have to look it up but I think it reads that you INTEND to occupy the property.Sometimes your intentions change and with the economy the way if your intention was to live there when you got the loan and you got a job in a diffrent state then your intention has to change and the bank will probably not call the loan.That being said once you change your mailing address with BOA to mail your statements to a new address this will probably kick up a red flag that you don't live there before the insurance ever reaches them.We had a borrower we gave a loan, we found out less than a month later that the borrower had changed his mailing right after getting the loan which signals doesn't live in the property- they didnt call the loan.

Major fixer but lots of potential here.  10 bedroom, 0 bath home, around 5,000 to 10,000 square feet.  The property has real limestone floors, 3 stories, a solid red-stone foundation, a very large pool and lots of room to expand.  Home would need to be brought up to local building codes.  Buyer to verify permits.Offered at $500,000, includes wholesaling fee.Rehab estimate: $35k, needs new electrical, plumbing, HVAC, roof, some walls, a few bathrooms, windows, some foundation issues, and all interior fixtures.

Yes a nationwide HML will usually be much higher as they are building the risk out.The local HML has a more intimate knowledge of the area,the laws,etc. so can cover risk and chance of default better on the loan.10 points is outrageous.I looked at rehabbing but I am not that hot on it because of the long hold times involved to an end buyer and all the residential BS red tape the government has enacted.The points aren't as bad if the interest rate is really low.If both are high there are too many HML's to pay those ridiculous rates.

When a service company tries so hard to remain anonymous, it raises serious red flags for me.

And so we did.They paid the last month rent, security deposit, and a non refundable pet fee.I can come up with a few things that are close to "red flags" but I am not sure if I am nitpicking or simply being a newbie.Anything that I can learn from this?

Also, the successful launch of their IPO and the interest from money managers and investors, especially if it continues, is going to give them great legitimacy so they will have a lot of leverage to deal with the power players in this field, e.g., The National Association of Realtors.

Also this property has changed hands and listings since Oct' 2010 which is a red flag to me that something else could be wrong with the property.