I know it is the number one investigated crime by the FBI.I would imagine some might go as far as to say an investor trying to buy a short sale without it being listed on the market would be considered fraud since other buyers are not getting a chance to offer fair market value to the bank.

I'll beat whatever Eli has to offer:) PM me, I think we are already colleagues.

My father in law told me to offer them $8000.

You will see there is recquired NOTICE OF PLAN the FILING of THE PLAN, Notices required first 3years,then possibility to offer comparable Housing but in some cases individual tenants may be " Proected" up to 40 years!

K, well not sure I understand the last part about fraudulent plans but basically are you saying that my only option is to offer to buy the property before it goes to foreclosure sale ONLY if it has equity?

but it can definitely work to the borrower's advantage, because credit unions can use this to offer significantly cheaper money to their customers.In my limited experience, I've noticed that my credit union isn't quite as "business friendly" as most banks are.

They also were able to offer discounts and incentives.

My plan is to talk with a few community banks in the area and see what they have to offer.

In your case, it is possible that the seller has listened to someone or some other buyers were willing to offer more.

Would anyone know of a bank or lending institution that would use notes as collateral to offer a credit line.