There currently is a bill in the Senate proposing a "loan" to the FDIC (The Federal Deposit Insurance Corporation) of up to $500 Billion. Since the FDIC is the insurance fund which protects or insures against the potential losses of checking and savings accounts in many of our banks and other financial institutions nationwide, it is imperative that this same bank deposit insurance fund have adequate cash reserves to protect against any future bank losses.

The collapse of Washington Mutual last Fall effectively "wiped out" the remaining cash reserves of the FDIC. The government, in turn, had to come in and bail out the FDIC after the failure of WAMU (the largest bank takeover in U.S. history). I forecast back in 2005 that I thought WAMU would eventually collapse due to their risky investments (on and off balance sheet investments), and their numerous risky loan options (stated option pay ARMS, stated lines of credit, high LTV construction and commercial loans, etc.).

We are actively working with various banks and loan service companies in order to help our clients hopefully buy these same performing or non-performing assets (properties and notes) from the banks direct, loan service companies, and even the FDIC. 

There will be significant investment opportunities if you have the cash available (or access to third party cash) as banks, loan service companies, and the FDIC will need to sell their assets at any price possible in the near term in order to get much needed cash.

Listed below is an update to one of our best loan products right now (The REO Pool Financing Program):

* Prefer small to mid-sized residential REO portfolios ($1 to $10 million plus).
* Target price discounts should be in the 60% (BPO) price range or below.
* We may provide financing up to 70% of the total project costs.
* Loans may be made to individuals, new LLCs, or new corporations.
* Prefer median individual residential units (homes or condos) to be within the $150K to $250K price range.
* Available Nationwide.

For more information on money sources, please visit my other website at www.realloans.com.