So, whether it be the progress payment to your contractor or the monthly payment for your website, they will call the vendor to verify the payment details and post it on your credit report.

The appraiser just looks at comps, comes up with a value, and some drives by to verify the house is really still there.

Steve:Can you tell me where I can verify this at?

You can't provide payoff information, you're not in any system the new lender can verify.

Can anyone else verify if you're being told that the group rate is no longer valid?

If you haven't filed your taxes yet, go ahead and get them in, so the bank can verify your return.

After verifying with the township, everything seems to point to Fannie Mae, but their REO department is useless.Have any of you pros out there ever come across a property that was redeemed by the 2nd?

Hey James,There aren't too many areas where $500K houses are flying off the market in Atlanta metro, so if you're going to focus on these types of properties, make sure that you know your buyer demographic (and can cater to them) and make sure that you have the reserves to hold the property(s) for a few extra months.That said, if you can verify that there is demand for the type of property and the price point where you want to sell, and you see potential profits that make the risk worthwhile, I see no reason not to do higher-end flips -- there is less competition, the work is more interesting and the profit potential is likely greater.

It is Trust but VERIFY.

I would say to run the numbers and verify past performance.