This morning Wachovia Corp reported a dismal quarter which heightened concerns about how corporate results will fare amid the ongoing credit crisis.The nation's fourth-largest bank suffered more write-downs linked to its troubled mortgage business, and slashed its dividend for the second time this year.

Collectively, the 4 partners will come up with the 20% down + closing costs to get each house and then split all expenses equally.My concern is, how do I get financing for houses under this setup?

One of my concerns about borrowing more money is all the news I hear about banks going through hard times and what the future may hold.

Their executives should go to jail, as far as I'm concerned.

Do you have any questions or concerns before getting started?

Am in the process of purchasing a SFH that my agent had never once informed me any HOA fee involved, though he’d checked those boxes that said seller shall pay for HOA transfer fee and seller pay HOA document preparation fees on page 2 0f 8 from purchase contract; item 4 E.3) & 4) (which I later found out from my friend who‘s an agent also); where I’d let it slipped; just went by his verbalization when he’d went over the contract with me; he did told me none of those fees on page 2 concerned me and they’re all paid by seller with the exception of 50/50 escrow fee; without further scoping into the itemizations which he should’ve had; so should I.

"Influencing" the appraisal is something the lenders are very concerned about these days.

As far as the bank is concerned I never lose possession of the property until that payment is made.

Does anyone know if the contracts changed with this new method?

I'm not concerned with him, I want the REOs he's selling.In case you're wondering, as for his class, just getting to talk to the instructors during the breaks was well worth over the $3,000 price for me.