My bias would be to agree a note with specific terms and then have the borrower provide a mortgage.

Some states require anyone receiving a fee for assisting someone in foreclosure to be licensed or registered with the state.2.

In addition, I'd suggest you to get a secured credit line, such as a secured credit card, to build up your beacon score.If you have any further questions, do not hesitate to contact me, I'll be happy to assist you.

Thanks in advance for the much needed assistance!

Well I'm one day from closing my first deal and I got a copy of the HUD settlement statement yesterday and I looked at the bottom line where it says "Cash from borrower" and all I could think was WOW!!!

When I mentioned pyramiding, I was referring to the practice of using equity from one property to buy another.You realize of course that if you borrow the equity from one property to buy another that the first one loses its cash flow.

Rental demand has been rising as people who were sub-prime borrowers are not shut off from buying.5+ unit multi-family buildings can run into trouble.

Technical point.You give the lender the mortgage when you borrow money secured by real estate.

A variation of straight seller financing is for the seller to carry back a second so that you can borrower the funds for repair but not to purchase.

What does the borrower who lost the property need to pay to get the property back?