I have seen them as high as $3500, yet the one we deal with to qualify our borrowers charges $300 & that includes the appraisal.

But for someone with a lot of money or the ability to borrow a lot of money they could of made a fortune buying and holding properties.

The standard one from the instit. lenders that I've seen thus far say there are no benefits to the borrower, no lease agreement, no side agreements, AND that the borrower would not remain in possession of the property.

After my wife and I had exhausted our resources and borrowing limits, I've decided to take on two partners in the last 1.5 years.

I started out with and still have two other partners in my note company - one for acquisitions, one for borrower management, and I raise money and manage the investor relations department.

But Bill does have a point that you are just the lender up until the time you FC (take title through sheriff's deed) and the borrower has the right to reinstate and/or redeem that once accepted changes your assumed strategy of just "FC for title".

The lender won't communicate with anyone but the borrower(s) about the loan unless you have a signed release form the borrower.

FHA being asked to accept 500 fico score borrowers and Fannie Mae selling their product to institutional investors instead of main street could continue to be tailwinds keeping inventory low.

Together she will be viwed as refinancing and you as a family co-borrower.

I cleared about $55k after resale and holding costs and borrowed $200k so my cash on cash was 85% and I did it in 4 months.This was done in a very, very competitive market of Southern CA where finding good spreads in that type of value range is difficult at best.Most of my acquisitions are REO deals and not short sales, but short pays are a larger majority of the inventory compared to REO so you must work them if you plan to consistently obtain deals.