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How To Buy a House With No-Bank-Red-Tape

How To Buy a House With No-Bank-Red-Tape

Most realtors and investors are unaware of this system. The term No-Bank-Red Tape for this article refers to the credit and down payment requirements usually associated with getting approved for a mortgage loan. This system is for both real estate investors and first time home buyers alike. Many real estate investors become very, very wealthy during real estate and economic down turns. Right now 2010 is the absolute best time to take advantage of this system. In case you have not noticed, the United States is in one of the worst economic recessions in history.

Buy Investment Real Estate

You can buy more investment real estate in less time using the No-Bank-Red-Tape method. There are no dept to income ratio issues normally associated with investment properties. The 25 percent down payment required by most commercial banks is no longer an issue with this system. The credit requirements are no longer an issue for acquiring investment property. There is no need for certified rent rolls to prove the property is generating income. You are not closing a mortgage loan. You are acquiring a property.

Closing A Loan VS Acquiring Property

Using NO-Bank-Red-Tape has nothing to do with getting approved for a loan and everything to do with acquiring a property. The whole purpose of using the No-Red-Tape system is to acquire properties with its' existing mortgage loan in place. We want to acquire a property or properties with out having to go through the normal processes of getting approved for a mortgage loan. There are hundreds if not thousands of people right now in your area that desperately need to sell their homes and investment properties before they go bankrupt. These are perfectly good properties where the owners have lost their ability to pay the mortgage.

MAPS VS No-Bank-Red-Tape

There is a new system that has just been rolled out the third quarter of 2010 called MAPS. MAPS is an abbreviation for Mortgage Assignment Profit System. The MAPS concept was derived from the No-Bank-Red-Tape system. The MAPS system does not prepare the buyer mentally or within its purchase contract to close the mortgage loan some time with in the near future. In addition, mortgage lenders have a "Do-On-Sale" clause that prevents the owner from transferring title before the mortgage has been paid in full. The MAPS system encourages the transfer of title before the existing lender has been paid.  Beware, the lender can demand immediate payment for the full amount of the loan and begin foreclosure at its' own discretion.

The Preferred No-Bank-Red-Tape System

The No-Bank-Red-Tape system encourages the complete preparation for the closing of a mortgage loan some time in the very near future or as soon as applicable. The contract and payments are structured in such away that most lenders will close based on the amount of accrued payments. You can use rapid rescore combined with other methods to increase your credit in record time.

 

 

 

About the Author

I have over twenty years lender broker and creative real estate acquisition experience. I was also a loan officer for Nova Star before they went under.

 

http://www.jplenterprises.com, http://jplfinancial.blogspot.com, http://www.hurricaneresistanthomes.us,  http://bit.ly/CreditSecretBible

 

ACLEDA Bank Lao's ATM


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Religion Of Laos

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For those who say it's not possible for the FCC or government to overtake the Internet...?

did you know about or consider that this overtake of the Internet has been going on for a long time in restricted countries? How often do you talk to someone in China? And then if you do, they beg off or say, don't you know I am in China and then they quit talking. They cannot accept Bible verses on the Internet or any kind of truth / religion conversations. They get upset as soon as you send them a link to Biblegateway for instance. And what about other restricted countries? Do you talk to anyone in North Korea, or Laos, Vietnam, and many other places that are restricted? Let me know. Thanks.

Yes, you are correct or at least somewhat correct! Can the FCC or Government overtake the internet? NO, could they possibly shut it down or apply filters to filter certain content? YES!! As you stated, China is the worst or one of the worst for it! Everyone found that out when the Olympics were held there, but at the same time, there are ways around filters such as proxies like they used during the Olympics! They can set filters to block certain sites or certain key words or such, but when you go through a proxy, it looks like you are just going to that site and they can not filter where from that site you go...so there are ways around such filtering. Yes, once so many people use the same proxy, they will notice all the traffic to that site and then block it, but then new ones are created and so on and so on...so in reality, NO the FCC or Government can not overtake the internet without just shutting it down completely which will NEVER happen and most countries like the USA believe in freedom of speech, so they will NEVER try filtering like China or all hell would break loose! So you don't have to worry about that happening here any time soon!! As for China, They have been filtering their countries internet forever....That is nothing new!! But like I said, there are ways around those filters and their users know it, so if they want to visit something filtered, they will do so!!!

Laos In The House


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