The borrower must front the cost of repairs and then be reimbursed from the rehab escrow account at each of the five draws allowed.I think, with the current mess, they'll bring back the 203(k) loan for investors, but with more oversight features to (attempt to) avoid the fraud associated with investor loans.By the way, the news is that 50 new FBI agents have been added to a task force in Southern CA alone to address mortgage fraud.

You can borrow against it's value, but that again will put you in an increased interest/principal paying position.Just my 2 cents...

A preforeclosure sale [short sale] involves the sale of the property by the borrower to a third party for less than the amount owed to satisfy the delinquent mortgage, as agreed to by the lender, investor, and mortgage insurer.

The conventional mortgage wants the borrow to have invested the 20%.

Of course, if we could compile data for each city and have city averages, that may be of some assistance, but the investor would still need to plug in their own numbers of the performance.

If you can borrow at 4%, then an 8% return isn't bad.

I agree with Mike that a good faith gesture of 5k to assist with clean up will go a long way.

It seems that as long as he can stay on top of his marketing to distressed borrowers and become known as the go-to-guy for shorts in a particular areas, he will stay busy.Any realtors have any opinions on this?

Plus a few rental assistance sites where I list the street.I've scheduled all previous appointments within the same hour on a day when I'll be there anyway.

I'm focusing on this target group because of the gov't assistance they recieve.