As expected, I received very lowball offers from numerous wholesalers, all offering low prices, wide “weasel” clauses, no REAL earnest money (“ my attorney will hold my personal check”, etc.) and 120 -180 days closes.  

I hope they are just in a testing phase and will receive enough complaints to pull this back.

Firstly, you can save costs by paying your VAs directly.

And if something pops up later such as unpaid material man, or a couple of subs who received no payment and did not provide lean releases- do you go after the contractors bond money after filing for a court order to do so?

I am not able to determine your purpose in posting this, since you did not also offer solutions for the seller or for the investor.The situation does not unfold when the homeowner receives a solicitation, as the article mentions...it begins when they are late paying their obligation to their lender.There is a timeline to a bank beginning foreclosure.

Many spend significant time on waitlists, and the program has struggled to keep up with skyrocketing rents.Now voucher users and their housing providers are facing fresh challenges, in the form of proposed workforce cuts at HUD and important discussions on Capitol Hill that stand to slash the number of people who can receive Section 8 assistance....

Not everything we do directly benefits owners. 

As the largest investor in each loan, we do receive the points at closings. 

Also, the home owner most likely has a mortgage and receiving a large amount of cash and then not spending it for 3 months can be more challenging than you’d think.

This property has cost segregation 70% building 6% land improvement 24%  I have two questions Question 1 I am determining my basis in the new property by:1. subtracting the old mortgage from the new mortgage2. adding Exchange fee, consulting fee and rebated commission back onto the basisExample figures new adjusted basis =$210,000- land ($10000 adjusted) =$200,000  depreciate as follows 70% x 200,000 = $140,000(27.5yr) 6% x 200,000 = $12,000(15yr)  24% x 200,000 = $48,000(5yr) question two I received the substitute grantor letter back from the which shows rent income but does not account for distributions are the distributions I receive taxable income on top of the rent income on the grantor letter?