`(b) Purpose- The purpose of the HOPE for Homeowners Program is--`(1) to create an FHA program, participation in which is voluntary on the part of homeowners and existing loan holders to insure refinanced loans for distressed borrowers to support long-term, sustainable homeownership;`(2) to allow homeowners to avoid foreclosure by reducing the principle balance outstanding, and interest rate charged, on their mortgages;`(3) to help stabilize and provide confidence in mortgage markets by bringing transparency to the value of assets based on mortgage assets;`(4) to target mortgage assistance under this section to homeowners for their principal residence;`(5) to enhance the administrative capacity of the FHA to carry out its expanded role under the HOPE for Homeowners Program;`(6) to ensure the HOPE for Homeowners Program remains in effect only for as long as is necessary to provide stability to the housing market; and`(7) to provide servicers of delinquent mortgages with additional methods and approaches to avoid foreclosure.

Do a search on google for BPOs, asset managers and REOs.

If not get an addendum to the purchase agreement putting the deal in your name and then once it is done quit claim it to the company for asset protection

It should be very specific as to how many days or under what conditions you would be able to get your EM back if financing cannot be obtained.

Tried obtaining a second loan, but apparently could not because of her bad credit.

As of June 30, the closed banks had total assets of $3.6 billion.

I'm a firm believer in a multi-layered asset protection strategy.

Look up the tax assessor site and most areas you can obtain the information on a house by address.

I'm not advocating this; only pointing out that many investors use this.Personally, I feel that you dont really need to have a property in a llc or land trust unless you have a lot of equity and assets that you need to protect.

Also, is the loan still considered commercial if one obtains it personally, then quit claims it to their LLC?