I noticed that a good portion of closing costs come from the lender (a credit union or other institution).

I have done this at one time or another with most of the institutions in town, some would not consider this, or they didn't have any NP loans that fit this situation.So, it's with the consent of the borrower and the borrower calls you, I don't call them.

Punishment is one year from discovery, so when the law decides to open the books and "discover" who did what , where and when, they will be held accountable.

Private lenders have the same recourse as institutional lenders.

If you take the nickel and dime approach you are liable to waste their time and start the business with that reputation.At root, you should always be guided by a business plan which includes your approach to forming relationships with the necessary institutions.

A lender can not sell any loan to an individual or a company that is not an insured (FDIC) federally regulated institution.

The Urban Land Institute has a number of [url=books on this sort of project.

My financial institution doesn't allow for online bill pay.Is there an online service where I can provide checking account information that would allow me to:1) Mail payments2) Schedule automatic payments?

I actually had this property under contract in May of 2009 for $52k, but it was discovered by my attorney that FNMA did not own yet because property was in bankruptcy.

Now that I've gotten a lock on an REO, what's to keep someone from discovering it's listed with a RE agency, then submitting an offer of 1k over my price and basically stealing a deal from me?