I am only doing it to get more out of home.Now, do you think it makes sense to pay off 1st home to take as much or at least down payment for the new home using heloc????? 

Step 3: Start evaluating deals, look at your market, sold comps, valuations, and make sure the numbers make sense.

Some split the profits too, but it does not seem as common.

Becoming an LO seemed to make sense given my background, but more importantly was something I found very intriguing and and have been pursuing enthusiastically since.I've got an interview tomorrow with my current employer's Regional LO Manager and was curious what advice you all might have for me.A few questions I've pondered and ran by LO friends but want to continue exploring:What does it take to be a good lender?

The lender is not damaged and presumably the owner was there long enough to satisfy the time requirement.Any *misrepresentation* on a bank loan, like intent, (reason for the loan), income, addresses lived at, rental history, amount of money in the bank, assets, liabilities, employment, time on the job, number of dependents, source of funds (the common things people lie about on applications that get them into trouble) etc, etc are potentially mortgage & wire fraud.

If something doesn't make sense, refine your knowledge by reading blog posts or asking questions on BP.

Does this make sense?

Fortunatley I have not had that happen to me; my last name is not very common around here.

It's very common for a foreclosed home to be abandoned with serious damage to the interior.

Just a few notes:Inheritance tax liens are legit and common in such situations.