IMO, the "security instrument" is a deed of trust regulated by the state, not a federal Reg.

In regards to no way for folks to have original notes or security instruments, that is a little exaggerated.

They are an instrumental tool.By working slowly and steadily with a definate business plan, everyone can do well in real estate, but I am one who truly believes that that plan is a necessity.

@Brandon HallHas been instrumental in helping me.Amanda Han and Steve Hamilton have also answered a lot of questions for a lot of people.

Since not much has been said about this portfolio lender and they have been so instrumental in starting my investing career - I wanted to write up a quick review.Some highlights about this banks residential mortgage offerings for owner occupants:-Will finance for up to 4 family properties-10% down for 3 and 4 families, and I believe 5% down for SFH and duplexes-No PMI-Low closing costs ($9.8k for our $430k)-Competitive Interest Rates (Just re-fied a couple months ago for 3.49% 30 year)-They will consider your rental income as income even prior to two years of tax returns as long as you have signed leases.Anyway before I get people too excited, they will only lend in counties that they have a branch in, below is a list:New York: Albany, Columbia, Dutchess, Greene, Montgomery, Orange, Rensselaer, Rockland, Saratoga, Schenectady, Schoharie, Ulster, Warren, Washington, WestchesterFlorida: Brevard, Charlotte, Hillsborough, Lake, Manatee, Martin, Orange, Osceola, Palm, Polk, Sarasota, Seminole, VolusiaMassachusetts: Berkshire CountyNew Jersey: Bergen CountyVermont: Bennington CountySo I was just at their Ramsey NJ branch last Friday, trying to get preapproved for our second investment property we are on the lookout for.

IF YOU DONT DISCLOSE THESE SIMPLE WORDS YOU CAN GET SUED BY ALL PARTICIPANTS IN THE DEAL BASICALLY BECAUSE EVEN THOUGH YOU ARE NOT DOING ANYTHING AS A AGENT BUT AN INVESTOR THE PEOPLE IN THE CONTRACT NEED TO KNOW BECAUSE AGENTS CAN GET A) Things at discount including inspections B) have a overall upper hand in the deals because of automation- agency capabilities (even though you are doing this on the side) the participants in contract need to know you are a agent by trade but acting in this particular transaction as a consumer individual investor. 

If other laws are not strictly followed, not only can the buyer claim the sale void, they can seek a full refund plus damages.It is highly recommend you learn more about the legal ins and outs of contract for deeds in general prior to considering using such an instrument for transferring real estate ownership.After having gained thorough general knowledge, learn the legal laws and implications in each state where you plan to use this method of transferring ownership.THIS IS CRITICAL.

Beautifully automated and integrated with the bookkeeping/accounting functionality and my tenants *love* this.  

I am doing everything at the same time....After one deal and I will automate it all and outsource the work.

Get on automated value estimator.