Hello everyone,My wife and I are new to the US, (from Australia) and we are looking for a US Bank that is known to be friendly to Real Estate Investors, we want one that Has good Branch coverage across the USThat will take Property regardless of where it is in the US, as collateral for a Line Of CreditUnderstand Real Estate InvestorsAnd is easy to deal/work withWe are based in Kalamazoo Michigan, I have tried US Bank, but they will not accept Property in states other than where the account is opened, not to mention that they have a limited number of Branches so does anyone have some tips or suggestions?

BK is another issue but in my district I have never lost a case to secure a collateralized interest.

The collateral for the HELOC is the house and presumably the lots.

Were these assets used as collateral for credit, is the owner in BK, a receiver in and of itself demands to understand the reason they are present.

@Siedda Herbert "non-recourse" means that the loan is secured by collateral (the property) but that the borrower is not personally liable for the loan.

Split notes – one mortgage and several notes secured by that recorded mortgage – this gives seller/mortgagee, leverage to use those separate notes as down payment on other real estate or sell at a discount, use as collateral or given as cash flow gifts to family members.Delayed payment clause - first payment to be within 6 months - gives investor time to do his thing to the property before having to make a payment.Same as above – but as investor and buyer arrange to partner with seller – using the notes to control real estate – seller wins big due to investors advance creative and aggressive method of buying real estate at a discount.

But the reporters admit that the customer base of manufactured homes have very poor credit and that the chattel collateral depreciates.

(VA let me use the loan twice.) by than i had enough appreciation (equity) in the homes that with the next house I went to the local bank (small bank) they said they will pay 80% with 20% down so I asked them for substitution of collateral (the vp for commercial landing was quite intelligent and creative).

Stick to warranties with the types of notes you want and getting collateral in a reasonable amount of time.

He gets collateral (a deed of trust on the property) and insurance (you make him a loss payee on the policy for the collateral), a reasonable interest rate (banks are paying almost nothing today) and an income stream...heck of a deal for you both!