It's a Statement of Accounting of Assignment....follows the lines of the good faith..

Have your mortgage lender prepare a statement that they are prepared to finance the property.I believe there may be additional issues wth the property.

We tried to contact them and ask why we did not receive any statements/bills before and they told us that to send us statement/bills - it's a courtesy.

Copy of the sale contract and closing docs (HUD-1), copy of the note and security agreement, name, address and amounts with terms of other financing involved, at least pictures of the property, appraisal if there was one, tax statement and title check.

Bryan--yeah, I debated whether or not to start a new thread for the $1 Billion debt discussion, but figured I'd put it here, since several had mentioned Kiyosaki and it was a statement made by a Rich Dad instructor.

Often times people are led down rosey paths by all the Nugu's (people who think that short periods of high profits from specific niches make then experts) - Thus the title of my original Post.The last statement in your reply post states that in your "experience most people that take courses never translate the material to real-world success".So, I take it that you have some experience with people who have taken courses and either didn't put the material into action or did put it into action and it (the knowledge they gained) didn't translate into real world success.It would be great if you would tell us about those experiences.I just took a look at your blog over at 123flip by the way and I like it.

I accused him of creating a "peacemaker" cover in a specific thread to try to sneak in a liberal viewpoint with his statement of "Can't we just get along and agree that (insert liberal name) was right?".

I just opened by property tax statements!

To make a blanket statement and say YES and investor would do this deal doesn't make sense.This is the same rational when people equate foreclosures to DEALS.A deal can be in the form of many different types of properties or seller motivations.Also depends if you want to wholesale it,whole tail it,or sell retail,or keep it in your portfolio as a rental.

Don't read into his statement something that isn't there :-)