A complete explanation of the service is described here: https://www.chase.com/online-banking/quickpayIn a nutshell, both the tenant and property owner set up a Quickpay account.

There will of course be mortgage insurance however you can get rid of this by paying through the rate in a one time payment call "single premium," so there will be no monthly mortgage insurance.So in this explanation it would be better to refinance the property into conventional prior to converting it to a rental to free up your FHA qualification capability by using a 95% conventional loan if its a single family residence that you'll be converting to a rental soon.

@Mark SThank you, your explanation was very helpful just wanted some understanding.Thanks everyone for your help.

Private Money Goldmine, c/o MyHouseDeals, 1302 Waugh Drive #762, Houston, TX 77019-3908I did a GOOGLE search...but just got irrelevant AdsI've noticed numerous posters on BP but I can't seem to find anyone who can verify what is claimed is actually true....or UNtrue.

I have provided over 20 bank statements, letters of explanations, etc.

If you'd like to take a read of some of the aforementioned research, try these: A list of articles I can't post due to journal subscription stuff, but are cited in a short explanation of values by Habitat for Humanity: http://www.habitat.org/how/propertyvalues.aspxA working paper by NYU students that provides all the dense dry stuff I love, but bores most people to tears: http://furmancenter.org/files/publications/Does_Fe...And finally, what should be considered a holy grail source for us here on BP, the National Association of Realtors agrees with me, and links to some of my favorite research (and opinion pieces for those who like more interesting writing): http://www.realtor.org/field-guides/field-guide-to...

Thank you for that reply/explanation because I was also mixing up probate leads and probate data.I am currently preparing information on recent probate filings with information - eg property involved, petitioner/representative, address etc and I was calling my 'info' probate leads.  

If so with a conventional loan you only need 1 full month's worth of pay stubs and a written explanation letter for the job gap. 

I thought the numerous locations would be convenient when I had to schedule closing while working a full-time job, but I would not use them again.Two closings ago I used the Intown Office and Kati Heller.  

It is very understandable given the growing popularity of the online transaction and the numerous ways auction companies operate.