The lender is saying they need to set up a holding company to hold the loan and that they cannot hold it in their business name.

Completely agreeArizona is one of the lucky states that does not need an attorney for closing.

If you decide to cover, make sure something in the contract stipulates you will cover up to xxx amount.

Get a lender, enter into contract, close escrow, enjoy your new home. if you have less than 30 days, you would need the seller's cooperation to contact the foreclosing entity to see if they will postpone to give you time to close the deal. it's not guaranteed and the lender is under no obligation to do so but if everyone wins (seller sells, lender gets paid off in full, you get a home), most lenders will provide a small window of time to get it done.

It was very complicated and cumbersome to set up properly and difficult to use.

Real estate is not easy, but it sure is rewarding if you can pull yourself up by the bootstraps and get creative. 

Through our sphere of influence, the seller called us because they knew we could help them with a cash purchase and to close quickly.

Some of these cheaper vacant land properties get bid up 700-800% over the lien amount because there was a decent chance you could get the property . 

With no points, closing costs are reduced.

We're a direct lender specializing in bridge, fix and flip, ground up construction and DSCR .