A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/proUse the Bigger Pockets glossary to learn more about real estate terms that may be new to you: https://www.biggerpockets.com/rei/glossaryAlerts can be really helpful too: http://www.biggerpockets.com/alerts

My thinking was to get a fixer within the fha guidelines fix it up and refi out so I can use the loan product again. 

@Stephen Rager Banks don't just give out loans on blind faith... so they charge for a 3rd party appraisal, check credit, verify income, and approve or decline the loan. 

Therefore, even if the seller has the ability toforeclose in the event of a default by the buyer, the asset might not be worth as much as it wasat the time of the original sale, and the buyer may have even contributed to its decline in value.

They could decline the loan entirely.That's a summary of a few options available.

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/blog/The site has quite a few tools that can be helpful for new members.

I cannot think of another instance where products or services are TAKEN from private citizens and handed out.

They assist in the production of diesel fuel.

@Hunter PhillipsSorry to say bud but we aren’t going to see price declines like 2008.

Great product, did some things out of order with respect to the City permits/inspections but with grace we made it through!