Generally you need a relationship with the company handling the REO.

You can terminate for cause or you can terminate at the end of the rental period based on the laws in effect.

It looks like they created a reverse process (you tell then what you want and they tell you if the credit profile fits).Please Note Effective January 1, 2007: Credit Bureaus require landlords or businesses wishing to receive credit reports to have an on-site inspection, have a publicly listed business telephone number and a business license.

The first is globalization and the 'equalization of pressure' between world economies- the rise of the Euro, the fall of the dollar-- and the effect its having on our market.

If the loan does not go well the broker has effectively no liability.

:clap: If you do not mind tell us more about how you structure your business relationship.

There are also legal issues in that certain changes to a loan could trigger a chance in the liens position (some modifications are in effect treated as a new loan so the recording date moves).The trusts who are holding paper that has lost significant value (mark to market pricing) will be only too willing to agree changes in the trust provisions if the change will significantly improve the value of the asset.

Both have messages to that effect.

Originally posted by "brucewaller":What a newbie should do.So from your point of view Bruce what type of REI mentor would be most effective for a newbie to get a hold of?

Well not too sure how that effects you but it would seem to be too much of a hassel to me!