The company is closed with the property being transferred in his name.Another way is to transfer the property to a non-profit housing organization and finance the deal to them.

The homeowner is owes 300k to on a first mortgage and they are behind on payments and the current FMV is 150K.A company offers to come in and purchase the note from the lender at 75% of FMV and then re-sell the home to the homeowner at 95% of FMV with the home owner re-financing into a new loan.Is this legal and if it is, what has to be disclosed to the lender?

It is the active ingredient of 20 mule team borax,,,also is a natural organic farmers friend since its approved for killing insects in organic grain.

If you don't consider Fox's actions inappropriate for an organization that claims journalistic integrity, then you and I just have a different ethical compass.

Well I just had to share something with everyone not sure if you know but hey if you do great :) If you use vistaprint around the year, then you should look into their reseller program http://www.vistaprint.com/dealer-registration.aspx (NOTE : I don't have any affiliation to vistaprint, nor is it a affiliate link, I'm just trying to help everyone here save some cash :) Some Things to know about the reseller program though - Cost $50 to Join - You save 25% off all products though

Add this to the fact that once they have the DIL they do not have to worry about forensic audits, predatory lending lawsuits etc - and while these may not be very common or successful - the DIL makes it one less potential risk.Last thing, A lender can now pull together a package of 1000+ homes, lease them out with property management, and re-sell the package to secondary investors on wall street that are buying cash flow (with potential capital gain over the next decade)- never know this may be the strategy!

I've been reading some info about insurable and marketable titles, but I'm not sure I clearly understand the difference and how it would impact a person if they bought the property and tried to re-sell it.

For example, if you can't resell, perhaps you can rent for cash flow until the market turns around;5.

Aegis RE partners seems to be in a state of organization change and not having much luck finding another 30 day funder.Thanks for input.

I guess I could rehab them and resell the property with units which are stlil illegal, but the city told me to report the current owner because they need to pay a fine, and I wouldn't want the next buyer to do that to me!