Or you could get hard money (HM - no credit check).

In the partnership, you will get basis credit for non-recourse loans which you do not in S-corps.

I know of only 3 instances where you can buy reo prior to it being listed on the mls.1) Buy a bulk pool of reo (5m to over 100m).2) Commercial property.3) Property owned by a small local bank or credit union that you have a relationship with.4) Attend the f/c auction at the courthouse (Not REO yet).

Anyway, I agreed to sell at $360k dropped my credit to buyer of $2k, my realtor took 1% less commission and we closed the deal.

Tighter credit and higher borrowing costs threaten the housing market, which has been an engine of U.S. economic growth.Second Homes``It is unfair for a family to have to pay a tax on their income that they simply do not receive,'' Representative Kathy Castor, a Florida Democrat, said today.

Who do you guys use for credit checks, background checks, and eviction checks?

A few have suggested selling the second.Generally this will not work as well as it might first appear.Private buyers of notes care about seasoning of the note, the credit history, the LTV, the position of the note, the borrower's credit and the property.A new 2nd for a high LTV is going to take a really big discount if you can find a buyer. 50% or more might be reasonable to expect.

Many banks have Business Lines of Credit they will do and some (such at National City) that I know of, will do Unsecured Business Lines of Credit.This is a loan to the business that does NOT show up on your credit, and you are not responsible for.

He already decided that he can afford the property when he signed the contract and presumably will be living there for many years to come so other than something that can be tapped into via a line of credit, equity is more conceptual than anything anyway until you sell a property.

well if you're trying to acquire conventional financing, the subprime market is all but dried up completely.if you've got good credit and some money banked, you'll be fine.if you've got bad credit and no money - forget about conventional financing.