All Forum Posts by: Jason Cummins

When I first started, I was probably my biggest stumbling block. I had some issues that I had to work through, I felt like I was subconsciously sabotaging myself to not succeed, and I probably was. [/u][/i]

I am not sure about the job related to your education part, I mean, how would the mortgage lender know what you went to school for?

Though, they do want to see stability in your job. In my brief time as a loan officer for a mortgage company, we usually wanted to see 2 years at a job, or at least 2 years in the same field.

There used to be loan programs that would get around having to say what kind of job you have, but ever since the market has been going down guidelines have changed and its probably been about 6 months to a year since I have seen one work.

I would agree that using an agent would be ideal to make an offer. On the several REO's that we have made offers on, they are all just a little different in what they require as an offer, some require a full fledged signed contract as an offer, while others just a simple letter.

Get one of your real estate freinds in with you and make him/her a little money in the process, and tell them to take you to a nice dinner when you close for giving them the opportunity.

I would write up two contracts. To be honest I am not sure if you absolutely need to, I am no real estate lawyer, but to be safe I would write up two contracts.

Good luck. Are you any closer to getting the deal done?

Texas is a non disclosure state so Zillow and the like will not have that info. I will try to see if I can get a realtor freind of mine to see what it sold for!

Music USED to be HUGE part of my life, as I am sure is the case for most of us at some point in time. Recently I really have not paid attention to anything much at all. Too much time listening to sports radio in the truck, and at home I dont really listen too much to any music.

I really was a product of the early 90's, so the music I really will always enjoy are from bands such as Pearl Jam, Alice n Chains, Candlebox, Stone temple Pilots, Soundgarden and Nirvana.

I really like any band with Dave Grohl such as Queens of the Stone Age and Foo Fighters.

Collective Soul, Rage Against the Machine, The Mighty Mighty Bosstones, NOFX, The Muffs

Lately if I listen to anything I am trying to broaden my horizons because the modern rock of TODAY is TERRIBLE.

I'm starting to get into Rockabilly, Phsycobilly type stuff. I really enjoy what we call "texas country" which is not typical country from the Radio, its more raw stuff, people like Hank III, Wayne Hancock, Unknown Hinson and the like.

I also found a band on myspace called "The Wrong Trousers" in whom I have really started to listen to as much as possible.

Oh and you cannot beat the Barenaked Ladies, I absolutely love their stuff.

we dont understand your posts, spell checker and punctuation will serve you well

:groovy:

I disagree with this statement. There are many investors that use hard money to buy properties in distress to rehab and sell them. Hard money is a great tool for many investors who are not people with bad credit or in bad shape, it's just another tool in the belt of creative financing options.

I have used HML's before and will continue to do so in the future.

And although I am sure you are right that people use HML's to stop forclosures, I would say that both the HML and the home owner would then be morons to do so.

We have also used rehab loans too, just depends on the situation and how many projects we need to finance.

This is an issue in many places. Title seasoning. Many times the lenders require atleast 90 days of title seasoning before they would lend on a certain house. It is definitely an issue with some ways of financing.

You pretty much just need to know that going into each house you flip that you may need to hold onto it for 90 days before they can be sold. Since many new home buyers do use FHA, it just comes with the territory.

I am not a mortgage professional, but from what I know if someone with a reverse mortgage passes away, they give the option to the family to buy the house back before they take over the house themselves.