The document was actually a power of attorney, which McLeod used to enter into an agreement with a third-party investor who was led to believe Owens was at risk of losing her home, Hill said.

Four things led to this desire:1.

Obviously, in terms of the "Big Picture" there has been a crisis of secondary market confidence with regard to the enormous increase in borrower delinquencies and pending or actual forecclosures which has led to a major culling of the ranks of wholesale mortgage lenders... now probably close to 125 lenders who have closed up shop within the past 5-6 months.Actually, many of those lenders were little more than "Super Brokers" in that they relied upon warehouse credit lines or correspondent relationships with "Big Brother' lenders.It's somewhat analagous to our belief in the notion that a $100 bill is actually worth $100.

My real estate agent led me astray.

One thing led to another, and now they aren't with us.

I am finding these calculations outrageous...although I am willing to learn if they are simply the truth and my inexperience has led me to believe otherwise.

I was a partner in a foreclosure company for the last couple of years, which led me to get my broker's license and meet my present boss(es) at Trustee Sales, where I was bidding on properties.

Also, a mortgage broker once asked if those 10 mortgages were all in the person's name or LLC which led me to believe there's a loophole somewhere.

My sweat equity and wise spending on materials/labor has led RE broker to expect it to sell for 30% profit after investment/broker/taxes, etc.

Born and raised in Northeastern PA, this condition has prevented me from staying with any single employer for very long, and has led me to believe that the only way to get to where I want to go, or at least the most practical way, is involved with real estate investing.