This agreement sets the maximum mortgage based on debt service coverage, and helps to finalize borrower equity requirements.

You have your personal banker, straight out of college inputting all of your info in to a computer, and then tells you that either him or his lead will be giving you a call later on, or worse they will quote you something on the spot just to keep you happy and then change their quote three or four times.

We have no debt besides our mortgage.

i am starting out as a realestate investor, i have taken the courses read the books, done my research for the past year or 2 and now i am looking to get my foot in the door. i have been researching many properties on the market or in pre-foreclosure or foreclosure. i am seeking a buyer who is seeking contracts that i can assign to them. i am in new jersey and would like to know if you might be interested in recieving leads or contract assignments from me. if so please let me know what kind of property specifics you are looking for. if you want call me and we can discuss this further i have several properties i have been researching for purchase. my phone is 732-352-0271thanks

I could use some direction on a lead that I found.Here's the situation:Got a call from a seller that just recently got a divorce.

I spend $50 ever other week on bandit signs which generate and average of 60 leads per week.

I find that the people going into forclosure are so far in debt. no one can help.

Just some comments to flipper 101 as to that land contract transaction that went south.Well it does not surprise me since anybody can bind the other and to split the legal title with the seller and equitable title going to the vendee or buyer can lead to diasterous results on the title on the property if the buyer claims an equitable interest which he has..and getting a tenant out if he defaults can proves to be a nightmare and how he binded you by encumbering the property is unbelievable.If you suggest using an outside entity such as a trustee why not just use a land trust and get all the benefits of using that enitity and thus by the trustee holding bot the legal and equitable title called the doctrine of equitable conversion now you have a situation where not other party can take advantage of one another and you would all vote to your designated trustee on any and all affairs of the trust property due to it being a beneficiary directed trust so you must ALL be in agreement, sure avoids litigation and disputes and no one can circumvent you on your investment.I know that feeling of getting burned which is why I use land trusts in my investing since all parties are equally protected in any given transaction.We all made our mistakes in this business..that is for sure..

"Whether you are selling Pampers, credit cards, or building homes, this market will become the economic engine of our country," according to Chiqui Cartagena, a leading U.S. expert on the Hispanic market.Realtors can capitalize on the red-hot potential of this market segment by working with residential mortgage lenders who understand the cultural nuances and economic differences that make home buying more difficult for Hispanics.

Financing like this can be possible provided your credit is stellar and the cash inflow of the property can cover the debt payments.