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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (107166)	2/28/2008 2:17:01 PM
From: neolib	Respond to of 306849

Very little risk there. You might have to evict them. I'd really like to know how prevalent private financing is. My father sold one house that way as well. I've only purchased two real estate properties, and did both with seller financing. The only bank "loan" I've every obtained was a commercial letter of credit for importing some products from S. America which was done for security, and was not a loan, as I paid the money, but the bank treated it as a loan and stiffed me 1% for doing it. It would certainly seem like the tools are available online for doing good credit checks, evaluating clients, then pooling lenders and borrowers for risk reduction. Get rid of the Wall Street Scam artists who wanted to lend to anyone, then shovel the waste on an unsuspecting 3'rd party, and stash the transaction profits in the Cayman Islands. For that matter, you could have franchised offices, staffed with notaries, who act has front ends for obtaining and entering info including such things as driving by and photographing properties used as collateral. I'd think tools for data mining county records already exist since websites already seem to do that. What important pieces are needed that look hard to do, other than putting the whole thing together?