Not if you think it's legal or illegal, we all have our speculations: I simply want to know if it is legit or not?

If the insurance is escrowed you simply set up the new policy with your insurance carrier, naming the trustee and benfeciaries of the trust as they may appear as the insured/loss payee, and of course the existing lender.The insurance company will send info to the lender, and get paid.

Something to keep in mind if you don't want to bother with a website (I haven't used one for my investing business for years) is simply create a gmail [email protected] It's sometimes a hassle to have to log in to your hosting account just to send an email and...Google seems to be pretty respectable in a lot of folk's eyes.

A couple of questions.....1) Do I state up front that I am simply facilitating the transaction for the seller?

John,I agree to a point, but with our business model that fix simply does not work for us.For the loans to be off the books and in the company name, It is my understanding that they need to have 12 months seasoning.

The one thing I have learned about real estate is you can make money in a good market and bad, One simply has to adjust to current conditions, I'll admit sometimes that's easier said than done.

If you, or your Mortgage Broker needs some clarification, simply have them call me anytime!

I simply stated that there is no actual "cost to the $ invested" There is only a decision as to what tyope of return you as the investor want, and a decision can be based on the calculations.I think we are just looking at the same picture from two different angles.

:0 Alex, if you don't feel like subscribing to realty trac or some of these other (pre) foreclosure websites, simply go to county recorder's office or contact county recorder's office in your target market and acquire list of Lis Pendens, NOD's nearing default (to be auctioned).

In my humble opinion we simply need to become more community oriented.