I think many people come into to this with no money, job, or credit because they've heard that you can buy for zero down and make tons of money.Tracy, I understand what you're saying and it makes sense that by wholesaling you are essentially doing a zero down deal.

Essentially how I would want to phrase things so that they get the impression I researched and wish to move forward.

Essentially I wasted the 5K so far but i am still a member and as per agreement i can only purchase merchandise for my own use or as a gift etc, not for commercial use etc..

Since a larger part of your ability to obtain financing is dependent on your experience, a resume or at least summary of relevant experience is essential.

Timeslips and proper reporting is essential if you want to come through these audits unscathed.

I've contacted these agents and basically the most they're willing to do for me is give me some MLS leads (essentially the scraps that their already established investors don't want).

They have a *very* pro-seller addendum that essentially says that they can drag out the closing (due to title issues or whatever) for as long as they want, and you can't back out regardless of how long it takes (unless they decide to let you).I once had a FNMA property under contract with $40K in EM, and it took 7 months to close.

Citigroup has essentially re-branded Argent Mortgage as Citi Residential Lending."

So I would essentially pay off the loan so they would have the deed, then they would sell the apartment (ideally around 300k) and I would get back 150k and she would get 150k as well.Just seeing if anyone had experience in Russian real estate and would know how to even start going about setting something like this up.

I use an addendum which essentially turns the REALTOR approved contract into an option contract.