But, my stratagy was to be about $15 @ foot cheaper than the new homes were asking.

If she borrows a lot the credit score going down will cost here future money in higher interest rates.Some credit card and other companies now have provisions in small print where if other accounts that are not their default and start going late they can up their interest rates to cover future perceived risk.They can also freeze credit lines,credit card accounts and just ask for her to keep paying the balance but not allow new charges.So there are many implication here that have to be considered.There are certain items by law that creditors cannot touch.That won't keep the collector though from trying to convince you to pull from a retirement account,401k etc. to pay them.So watch out and know the laws and your rights.The owner of the actual loan and who services the loan could be the same or different entities all together.The point of contact will be the loan servicer and they will contact the owner of the loan directly.Whether a bank wants a property back will depend on costs to foreclose versus a DIL and if any post redemption rights exist which the seller could waive giving the property back to the bank.If there are a bunch of additional liens attached the bank will generally foreclose to wipe those out unless the junior liens agree to release for a tiny amount say 1,000 or so.First step is to get and ATH(authorization to release) and get it to the bank for permission to speak about the account with the servicer.With the account being current they won't be that motivated.Usually you are in customer service,then after a few lates you will go into collections,and then loss mitigation before foreclosure attorney gets involved.

As an investor submitting offers on multiple REO & short sale properties daily, manually printing out the offer and wet signing it, scanning, and then emailing back is way too time intensive & unfeasible.

Danley here, but most NCND's are not even worth the paper they are printed on.

For me richness is about a balance in life.For me I try to get the most out of life financially,emotionally,spiritually,physically etc.I want to be balanced as much as possible in all aspects of my life.In a previous business I owned a restaurant.Great money but I was always putting out employee fires and they didn't care about the business like I did.In my 20's my cholesterol was 300 and my weight was 285 at 5 foot 9 inches tall.So I made some changes.Now I weigh 185 and cholesterol at 201.Workout and feel great,travel,work as much or as little as I want,and I don't feel like a slave to the business.If I choose I can ramp up my business more at any time but I control it now versus the other way around with previous businesses.I can show you a lot of tired,depressed,lonely,sad people that have a bunch of money.I would rather make 200k a year and have the terms I want in life then 350k and feel out of control and out of balance.Some brokers/agents tell me I will do this 24/7 and close tons of deals.I then ask them how long they have been doing it??

I believe many CC companies are curbing the amount that you can take in cash to yourself, it's usually around 20-40% of your credit line, so read the fine print.

I make no promises, but jump in and leave your feedback and perhaps we can get you in print (large market newspaper).

http://www.bloomberg.com/news/2011-06-21/brazilians-buy-miami-condos-at-bargain-prices-after-45-surge-in-currency.htmlForeign investors getting a leg up thanks to our country's endless money printing...The u.s. dollar's decline has far reaching consequences...

After all, how many people really read all 10 pages of fine print?

(the Fed) borrows (i.e. prints money) at $6billion a day.