It takes about 48 hours to get on their system, called back to verify your offer is on their system, check with them about the postponement and then verify with the Trustee make sure they got the order to postponed, some cases they get that order one hour before the sale.

I need to make some calls to verify this info though as it has been a couple years since I had access to this info directly.The lender I was at did not block credit reporting for repayment plans.

New Financing: % Loan Amount Amortization Payment (PI) Monthly 95% 4.00% $323,000.00 35 $1,430.16 Cash to Close Legal $ 1,500.00 Appraisal $ 300.00 Inspection $ 350.00 Condo Document Review $ 350.00 Reno 1 Month Reserve $ 2,550.00 Gross Cashflow $613.84 Down Payment $ 17,000.00 Total Cash to Close $ 22,050.00 Net Cashflow $282.34 *All information to be verified by purchaser.

And then I verify every few days until it's recorded.

They will likely require additional documentation and will want to verify funds before they will even consider a short sale.Ultimately, you will want to bring in an experienced attorney and title company unless you have purchased commercial properties before.

This is a paraphrase of the laws as I remember them and things may now have changed.This, of course, almost effectively almost requires that an re agent be involved in some phase of the deal even if you are not required to have a liscense.All such liscensing questions should be verified by a qualified attorney in the area in question as those laws vary so widely from state to state.All that being said I also agree that the monies spent on the RE liscense is some of the best education that you will ever pay for.

Thanks Gary, my main interest is verifying comps for out of state relatives and friends as opposed to buying / selling.

If possible I try to qualify the borrower without the rental income because of the hoops you have to jump through to verify the executed lease contract (cancelled deposit or rent checks), but it says right on the DU findings that rent can be used as long as you are below 75%.

Watch for the recorded date of each instrument to verify accuracy.

While investigating the person's background history, it may also be a good idea for you to contact their current and previous landlords to gather their opinion as to whether the tenant paid the rent on time, kept the property in good condition, and left on good terms.Another option to keep in mind which is more of a no-brainer is to verify the person’s employment.