More important for some is the loans are generally asset based, with some income or credit review depending on the lender, so they are much easier to obtain than conventional financing.Texas has specific wrap loan disclosures, an 8 day cooling off period, requires the buyer have access to contact the wrap loan lender to verify payments are made and further gives the buyer the right to make missed payments for the wrap loan and get 50% EXTRA credit on their loan for making the missed payment on the underlying lien - to be able to protect themselves. 

Now they apparently have easier access to more places to look for things to "liberate" from others.

Hi @Keith Hackett .When I click on the link, I'm taken to a page that does not have the same offerings for both Plus and Pro.Pro members have access to the Landlord Forms included with their annual membership.Pro members have unlimited access to the calculators.Neither of these perks are included in the Plus membership.  

If the initial numbers look good there’s no time to waste and we understand the need to get the results of the evaluation back to you ask quickly as possible. 6.The draw back to an appraisal, you’re hanging your hat on one individual’s opinion, the turn time is 5-10 business days, appraisers’ expertise is in establishing the As-Is Value not the After Repair Value.7.We do require a $2500 deposit to get access to 100% Financing.

Hi John,  Might you still have access to the article and send me the link?

If the price is good and you have access to enough funds to purchase, the lowest price is often, though not always, the best option.    

It's illegal for a REA to wholesale, because it goes against their license requirements and restrictions.  

I am not a banker but they are doing so many of these loans they crunch numbers, use software and maybe have someone do a drive by.If there is good equity in the property based on your remaining mortgage and if they have any doubts they may restrict your LTV but I don't think all HELOC's come with a detailed inspection of the property.

As  pro member you have access to the calculators - have you used them to evaluate the deal?  

Thanks to the San Mateo bridge, Hayward is easily accessible to mid-wage earners who can NOT afford the Peninsula.