.- If you plan to resell within 180 days, expect that the lender’s underwriter will require you to furnish details of the rehab.

You can certainly get wealthy but not by working 1 hr a week and watching your accounts fill automatically with money.Real estate takes work especially when you are starting out with little knowledge, no contacts and little idea of what a solid real estate deal really is.Another false image is that you can be buying properties with little to nothing down on a regular basis.

Pls advice the name of bank you normally use in Africa and send me the agreement..Send me the recipient details for the w/ money union..ASAP NB : Story has changed from ' wire to bank ' to wire to 'western money union'

You'll want to check your state law for the details about ownership after foreclosure.

Jeremy, where in the new RPR program available and can you provide more detail as to what it consists of?

Maybe you could post it here or in a PM to investor(s) you know on the site and have them analyze, in detail, your mailing.

First, I really do appreciate the detailed response. 2nd; in the scenario where there is a mtg. on the house, let's say at 5%, with the original owner, and the buyer signs a CD at 6%, the buyer "DOES" get to claim that mtg. int. tax deduction?

J Scott can you go into further detail about the bank incentives?

Ok I've got some more details from the broker-The mortgage is a CMBS loan and the fees to defease are too big.

Also, make sure you run a full/detailed credit check.