These day, that book slimmed down tremendously and getting someone qualify for a loan is no different then any other conventional financial institute.

Scott,Need a little more information about the particulars to give you and educated response however just hearing the information that you gave, I would venture to say that you situation doesn't fit the business model and or loan criteria for his financial institution, Richard

From a general point of view, it may be faster for you than it may be for large banks because your ducks may be in a row from day one and a court may balance the equities of a private investor versus a gigantic financial institution.

They are correct in that the government has put this in to place in order to "help" new homeowners get a good deal, at the expense of the financial institution truley getting it's best price for a home.

You're a RE investor if you visit this site and have no business dealing with these moronic institutions.

Conversely, most private lenders charge institutional rate and will charge 1-3 points, depending on how many brokers are involved.

Thanks,Great site by the way, I wish I had discovered it long ago, look forward to reading all the knowledge posted on here

. * Section 201.102 of the Texas Finance Code requires an out-of-state financial institution to register with the secretary of state before opening a branch or other office in Texas. * It has been the practice of the Texas Department of Insurance to refuse a non-resident agency license for a foreign entity unless the entity has registered with the secretary of state.

She discovered that the FM owned home was turned over for auction on 8/3/11!

Talk to everyone you know and everyone you meet about what you do, and you may well discover some people who might be interested.