As far as I know, there is nothing illegal about what I am describing and I found nothing prohibiting it on the Square-Up website legal limitations.Of course, this may or may not be useful depending on your available credit and rate.

To have a good wholesale deal, you need to find a deal that is just as good as what I describe above for it to be attractive to your end buyer.

Bill Gulley and Rob Gillespie, it appears to me that Lokesh W. is the buyer in the described transaction, not the seller.Lokesh, is that correct?

Firms as described would have on staff on site certified delegated underwriters opposed to mortgage processors.

Thanks for describing the issue from the other side.

One way to find handyman is: 1) From Craigslist.com, use the righthand directory to find your exact state & region2) Click "labor" under Gigs on the bottom right3) Click "Post" on top right.4) Select "I wnat to hire somebody"5) Select "labor"6) Put a brief title - I need a handyman (or roofer, or carpetner or whatever your need"7) Put in your location and your email TWICE and select Anonymize8) Describe clearly what you need done.

Can you describe some of the things to do during a due diligence period?

Chad, I don't know how long you've been investing in single family homes and flipping them, but you are describing a very common problem we have all faced for several years now.

If she wants to stay a perm loan mod might be the best way to go.Lenders start them off with 3 month trial mods and then give permanent mods but take a long time.Perm mods only happen 10% of the time and this seller might not have the mental toughness to stick it through.Another option for her is chapter 13 and possibly "lien stripping" the second.She would not to talk to a BK attorney about that.If she does not want to stay at all then the "short sale" is the option.Make sure the husband doesn't have to sign off on it as they will usually be spiteful just to get back at the former spouse and not respond to request for signatures or financials the lender asks for.As you are a wholesaler though I don't see money in this for you.The bank will want the property listed with an agent for sale to try to get the highest price.The second will want money to go away and the first usually offers 1,000 or just forecloses but might offer more if the foreclosure process is long and costs a bunch of money and values are declining for the area each month.It could get way more complicated then I am describing on these.Sounds like you need to look at other deals.What I am surprised at is how you think there are a bunch of properties with equity sitting around.Many of these people refied during the boom times.They were buying houses and using as atm's as the values went up and up.The lender would go to 120% because the thought was the value would catch up with the loan as the market went up so there was ZERO RISK.We all know the answer to what happened with that thought process.

My strategy often considers other attributes of a property like you describe.