and with 100% of a deal financed, that could leave the borrower in a pricarious situation, especially if that person doesn't know what they're doing.a question like the one you asked would indicate that you're new to rei.

I guess one could always just refinance but you know that's not the same because that's borrowed money.

People stopped using them in our area several years back.

The guideline above will insure the borrower is motivated, experienced.

The Mortgage Bankers Association believes that Hispanic borrowers often steer clear of mainstream lenders due to deportation fears and their dependence on cash transactions.

I have never taken out a loan (not a legal one at least, I did borrow $1,500 from my folks once and paid them back every cent of it.)

bvellmure, a bankruptcy would be able to stop all creditors in their tracks, including the judgement..

you just will have a hard time borrowing money from banks and such.you'll need to start from the ground up.

:goofy: Heck 4 years ago I had to borrow money for groceries, now thats broke!!!!

If you've got the capital to do the deal for cash, why would you even consider borrowing to do it?