Renters Warehouse (Columbia, MD) is a nationwide company with a local franchise.

@Tina Wang @Ivan Dudley SVN | TJF is the office I just joined that listed that 241 SFR portfolio in Charlotte - We focus on SFR Portfolios and are locating opportunities for investors nationwide. 

Simply put, they were willing to give 80% of assessed value minus whatever was outstanding on the current mortgage.  

Or does the bank only get to keep up to the outstanding amount of the loan that was foreclosed upon and the excess still goes back to the original borrower?

Regarding funding the down payment with a 401k loan: You would have to confirm that your 401k plan allows for a 401k participant loan (and that you have not had an outstanding loan in the last 12 months).If yes, you can borrow up to 50% of the balance not to exceed $50,000.The repayment terms are equal monthly/quarterly payments (as you prefer) of principal and interest (e.g. prime + 1%) spread over a 5 year term (or longer if you will use the loan to purchase your primary residence).

I don't think there is a better market nationwide where you can get a better bang for your buck than in Toledo.

(about 215k)-Unlisted Sale Price: 600k (buyer pays all closing costs)-Outstanding Loan: 175k (Seller A has been paying this alone since the inheritance, about Aug '22)-Current Mortgage: 1650/Month (with PITI) on a Variable Rate product through Fargo-Home needs rehab estimating 75k-Current Comps show an estimates value after repair of $800k, conservatively. 

Specifically, there's job growth (Intel, Honda, Amazon, Nationwide, etc) and the population is growing (unlike Cleveland or Cincy).

Specifically, there's job growth (Intel, Honda, Amazon, Nationwide, etc) and the population is growing (unlike Cleveland or Cincy).

The real truth is a Nationwide Fully Delegated FDIC Bank is the best choice.