But there could be potential to make it an incredible deal.

Hello Robbie.I also ran into this issue myself in researching potential properties to purchase.I believe Mark not only makes an incredibly strong point, but in my recent research on Fannie/Freddie and anything to do with HUD Foreclosures, there is definitely a 15 day waiting period.

It would kind of be like piling on in football - so many others have already taken the credit score down.Getting the judgment is the first step to recovering anything, if they are a tenant from which you might ever collect down the road.

No credit history with someone who operates cash only may have a lower score than someone who is living on the edge with debt.

I think FHA has loans with a credit score of 620.

The seller is very happy, and I backed into the payment based on gross rent - expenses, but that interest rate works out to be incredibly low (.02%).

Incredible.

But then you have the issue of CA laws which are incredibly unfriendly to landlords.Remember, while you can drive to any of those cities, you can fly just as fast to any others too.

Clearly many would not qualify for this if all the requirements are set in stoneQualificationsThis is a FULLY MANAGED OPPORTUNITY for Investors maintaining:700 or better credit score.$200,000 in liquid assets titled under investors name.

The reason it crashed was its extremely low loan quality (high leverage with low credit scores), non recourse loans and strategic defaulting as the law has been in favor of it.