Distressed borrowers typically have distressed housing conditions - so you'll be expecting repairs without a guaranteed entry to inspect prior to purchase.Buying REO properties will allow for clear title, and inspections to determine needed repairs; title is almost always insured.Due diligence varies with each of those, as you can tell from that somewhat brief explanation.And Mark speaks from experience regarding the IRS liens :oops:

Instant Guaranteed Approval.

The loan officer considered me a strong borrower, loosly speaking I'm sure, as I have rentals, notes, and guaranteed income.

The guy you say is not a criminal, but I can guarantee you there is a history of his behavior.

Rentista Residency in Costa Rica • Requires proof of US$2500 per month income for at least five years, guaranteed by a banking institution, OR a US$150,000 deposit in an approved Costa Rican bank.

My unique selling position was that I said I would give them an ALL-CASH OFFER within 24 hours of speaking with them, guaranteed.

In your purchase agreement for the note you will ask for these guarantees from the note holder and buy the loan with recourse, meaning you can force the seller to repurchase the note in the event of any decreption, false statement or error that is significant to your purchase.

Charles, I am no fan of government regulation and agree that the government was a big part of the bubble through its loan guarantees.

If they find discrepancies you are guaranteed that they will bring in additional years to review.

Then another bank buys the assets of the failed bank with the FDIC guarantee.