Amongst the spectrum of people in real estate, there are investors. They look for good deals, try to flip  the house, and sell it for a profit. Right now with Indymac bank going under and releasing 3,800 of its 7,200 employees and completely stopping it’s lending to investors (see article in Wall Street Journal) It is getting harder for everyone INCLUDING investors to get a mortgage.

The thing with investors is that most of their income comes from flipping houses. They really need those stated income – verified asset kind of loans and they are dissappearing. Luckily there are a few good people out there mostly who specialize in loans for investors. They are not the most lucrative, with high closing costs but they are still getting the job done.