The lenders that you are talking to may be offering a pay option arm which for someone with no income and no liquid assets could be a very risky thing.

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i am all confused about this. if Gene O'neal was a crook why is there substaintial amount of assets and cash?

We're glad you found us andhave decided to join us.If you are experienced in buying foreclosures you willbe a great asset to this group because there aremany questions asked about this aspect of real estateinvesting by visitors to our forum.Again, welcome.

one more thing to note.. from what it sounds like your client really needs the Chap 13 for asset protection.. but again check with a bk attorney for professional advice..

I am an independant affiliate of Key Financial Resourses, and can offer you many services from home equity loans, commercial loans, asset protection services, and help you save your home if you are going into foreclosure.

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He said usually in cases like this we would receive pennies on the dollar but in this case, luckily there are assets.

Like Robert Kiosoki says "all you need to get rich is income producing assets".

He also had quite a bit of construction experience (a tremendous asset in this business) and was also able to carry some of the construction costs, which helped a lot.