Hi @Thomas Lo.

Next thing they know one LO tenant after another defaults and it does not take many to cause their world to go upside down.. when you figure the underlying payment was about 1k or so.. next thing you know 6 or 7 non pays and they have Zero or negative cash flow dont have the money to try to unwind the LO as those people figured they had equity and would not move..

I believe most of the sham operators were/are out of business once attention to the L/O problems/abuses were in front of the general assembly.

Sandwich L/O is where you lease option it from the seller and lease option it out to another buyer for more.A wrap is actually owning it (can be sub2) and giving a mortgage to someone without paying off the mortgage you have. 

Pedro, then start reading the applicable forum threads, Sub-2, L/O, seller financing and ask questions.

Might be time to lo and find a different state if all of Texas is like that. 

I was actually the LO who originated the purchase loan for the seller.

We are financing through the VA which is s-l-o-w and so the HELOC is still moving through the paper shuffling and likely may not be for another month.  

Waukesha countyMap-based interface: https://www.waukeshacounty.gov/landandparks/land-i...Tax listing search: http://tax.waukeshacounty.gov/Default.aspxRE documents search: https://landrecordspublicaccess.waukeshacounty.gov...Washington countyMap-based interface: http://gisweb.co.washington.wi.us/Apps/washcogis/Tax listing search: http://landrecords.co.washington.wi.us/LandRecords...RE documents search: https://landshark.co.washington.wi.us/LandShark/lo...

Hopefully the LO coached her properly.