That enables them to make a cash offer on a property and borrow fix up money so that they can get long term financing later on.Now you can only have 4 mortgages if the loan will be sold to Freddie Mac.

A preforeclosure 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.

I have yet to purchase any properties, which means I qualify for the first time home buyers assistance (not sure how much assistance this actually is yet) and I plan on purchasing a duplex, triplex or quadplex sometime in early to mid 2009 as my primary residence.

Sometimes I wonder if we wouldn't be better served if we just went with a survival of the fittest concept.Yes there are some fast talkers out there that swindled people into bad loans, etc, but in the end, the borrower signed the documents.

Figure on the low end, especially the first time.To pull that off, with a 65% loan, you'll be able to borrow about $102K.

I can see that it might help to include that in your letter, not promising anything but that you will assist them if you can.

(The company assisted real estate investors with coaching services, property leads, financing, credit score improvement, etc.).

Wachovia is leaving the wholesale mortgage lending business, which means the Homes Seller Assist program willbecome even more important, plus the program has just been opened up to investors.On owner occupied properties they can deal with credit scores down to500.

Feel free to roam around and post as you feel you can be of assistance.

It's also quite possible that the bank will not allow you to finance property in the LLC's name, in which case the borrows will also have to apply as co-borrowers and sign the financing docs in their name.