Once again I found that I can pull the owner history from the County website and then verify through my broker's CoStar account or my title company.

The check permits and feet on the ground to verify the market is matching the planRoads and developments that have been platters but not yet built is an indicationGood luck - Ned

Borrowing money from other investors can take you out as an investor and put you in the business of dealing in notes.Getting into notes with other investors, sharing in a note, you could be paid equally if things blow up, but there is no way for each party to be equally secured, someone has to be in front of another when you have more that 2 sharing that milk shake, neither one gets all of the last sip.Substitution of collateral being allowed, this is a huge red flag as such substitutions need to be and remain equitable, values must be verified and not at the whim of a broker without approval of the investor.Recourse or the ability to collect your money in the event the note seller made a material mistake, error or in some cases intentional acts including fraud.Lastly, notes are made, funded as legal obligations, they are subject to law.

. - My understanding is that it is legal to verify that the animal is necessary.

Most transactional lenders will provide a POF, but most realtors won't accept a POF without it being verified, since anyone can print out a POF off the internet.

You are going to sign a whole bunch of REO addendum saying you acknowledged the bank not knowing anything about the property and any disclosures you might have you bear the responsibility to verify accuracy.I had a FNMA property last year.

Did you do any research to verify this or are you just relying on the owner's information?

if it is really trashed, call your insurance agent and verify if you have a vandalism rider on your policy.

Bill, we're required (even in FL) to get a copy of the deed, to verify ownership, but nothing further.

On the lower end of the rent range you'd be negative.Now I assume that he would have the taxes and insurance escrowed in the payment so the numbers will be better than that.But I just waned to illustrate that you want to run the full battery of expenses to make sure the place will in fact cashflow at an acceptable level for the risk and hassle.Not trying to discorage you at all since it very well could be a very good deal, you just need to verify that it is.