Make no bones about it, this is being watched by other legislators (maybe from your state) and with the cumulative issues that exist in the real estate market/industry today (not to mention all the bashing in the media and growing public disdain), this could just take on a life of its own and spread like wild fire (to other state platforms)...Some of you might be reading this and say, "Scott's a lender and this is a self serving crusade from a self-important blowhard who sits at a table for one

Deals do exist, but they are harder to find.

Someone who promptly returns phone calls - prospective tenants, existing tenants, and myself.

In other states the process is no different than a normal foreclosure so check the details in your state.Note that TX and maybe a tiny number of other states certain seller financed deals are not legal if there is an existing loan on the property.

The big thing to remember in an underwriter's world is that if it isn't documented, then it doesn't exist.

You don't buy "potential income", you buy existing income and cash flow, right?

The existing contract can just be amended.

I don't think these are a great investment right now, but they're much better regulated than the companies you're looking at.

I hope this is a quick question, and I can get an easy answer.

I am buying my first home, and am waiting for a closing date. Our mortgage lady is aggravating me to no end. We have applied for a conventional rehab lo...

They are selling their equity and expect you to take the place subject-to the existing financing.