Also, is there a pre payment penalty on the ARM?

On average, how long does escrow take to close for a pre-foreclosure, sub to transaction?

I took 25% amount of purchase price from credit cards and paid remaining 75% from hard money lender. credit cards interest rate increased to 20% from 0% APR 1 year promotion and slapping me finance charges and service fees etc.

We really wanted that ski cabin for personal use, but the numbers really didn't pan out positively when reality set in and we only used it once a year turning into a bad investment. 

But it so reminded me of were I lived in the Napa valley.. with the wine the golf  Plus a great big lake I could not resist And skiing 45 minutes away.. 

The first time I meet with any new client, I ask them for a pre-approval letter or proof of funds. 

I know people in SLC near the ski resorts that do quite well.

I have not found anywhere info that it is not allowed.I am not taking a pre-payment for 12 months

Park City, Megeve, St Moritz, Aspen - if you like to ski!

I use Private Lenders and I pay them 15% APR Accrued Interest and NO payments until the property is sold.I'm finishing up the paperwork on a deal in Greensboro, NC where there are 22 unit apartment and 34 seperate duplexes and quadraplexes.