The Dodd-Frank and the Consumer Protection Act have made it virtually impossible for a consumer to obtain a hard money or private money loan anymore.

When an attorney who I refer buyers and sellers to (depending on if I'm buying or selling) obviously puts the whole deal on the back burner but wants to still charge top dollar for doing virtually nothing - TWICE - It's time to let them go.

As Also I understand it the customer service is outsourced to India and leaves much to be desired in terms of communication and follow through...Does anyone else here have them as your loan service provider?

Also, an open forum communication platform and no emailing behind the curtains.... and thats my quick, off the cuff, thoughts..

I guess I'm a little hesitant because if my virtually unlimited list of MyHouseDeals buyers showed very little interest in wholesale deals on the south and southwest sides of Chicago, do I really have good reason to believe bandit signs will work better?

I believe that virtually every state is participating in these forums.

You just have to make sure you keep the communication open and everyone knows exactly what is expected.

I have communicated with Bill Gulley with this.I suggest the idea to BP forums that a Contract for Option to Purchase (CFO) avoids equitable interest and does not trigger the due on sale clause when coupled with a residential lease.My complete BP blog post is here...http://www.biggerpockets.com/blogs/3/blog_posts/26565-a-contract-for-option-is-better-than-a-lease-optionBut to pose the question to the thoughtful and experienced on seller financing, which include wraps - aitds, cfds, seller carrys and such, what is your opinion?

I can't stress enough the competency issues and the communication with the benefits adminstrator's opinion before you start talking sales price to see what they think would be an acceptable transaction, best to is not be excited in wanting to buy it with the benefits folks, IMO.

Robert,I love this post and wish you abundant success in 2010.Strictly from a standpoint of ethical conduct and what is appropriate behavior this agent wouldn't have my business on any given day - regardless of the numbers.Anyone so maladroit in communications to send in email - for the public to see - this kind of message is operating from pure anger.