If my mentor program for Orange County, CA real estate agents for a small Orange County, CA ran real estate brokerage, I stressed how important it is to make sure that the buyer, you wanted to represent (or if you was representative of the seller were to focus on the buyers agent client) really had the pre-approved for a mortgage to buy the property in question. As a former loan officer, I knew all the tricks used lenders to find someone, as they had funded, when they were not sure and wanted my students to be wise to make.

I used my real estate class and by not to the point of home loan pre-approval with the words “you want in a car with someone who can not qualify to buy a piece of chewing gum” put crack. And was it really worked, they remembered!

well when it comes to foreclosures, if the figures for the business makes sense, as a potential investor in a foreclosure property, you do not have to fear that up to my “chewing gum loan qualification standards” instead.

With special techniques it is possible for a property that is in pre-foreclosure by buying the arrears on the property over, and then goes to the front, making the payments on behalf of the owner. So if you have any questions, credit itself, a high debt or anger show income the way a lender usually like to see it, it is not at all as long as you make the payments on the land issue, since not qualifying for the loan must be paid only when the new owner of the property! Sounds like real estate investing Shangri-La? It was easy!