John Doe 15%, Fred Smith 75%, Mary Jane 10%, etc.).Here, the mortgage can be recorded in first position, providing all lenders one security agreement which allows them to enjoy equal seniority.These can be a bit tricky since it's normally the majority that rules, as a percent of their collective investment, when it comes to such potential decisions as modifications, extensions, and foreclosure. 

It was a simple speech that allowed Joe and Jane American to finally grasp what is going on and how we got here.Having said that, it is still debatable that that this current plan is a good one.

HI Jane,I know it is frustrating, I can tell you when I am sellin a house on rent to own, I get so many applications, I only talk to the ones that are close to my qualifications.

Originally posted by Jane A.

If you told John and Jane Doe, "You could probably get around $180,000 for your property if you listed it but I am willing to give you $130,000 cash today if you want to sell it in a hurry." 

I am a plain jane guy, I make my living fixing broken cars and at the end of the day I rarely want to work on mine.

We had some unfortunate home decorating fads back then, like shag carpeting, coppertone appliances, and the floor to ceiling lamp post with the three globes in red, green, and blue.But when it comes to walls, we had the same plain Jane drywall that exists today.

@Jane A.

So when the table is turned and I am the seller if the buyer can't produce one of these then I know its going to be a combination of loan partners etc. and I ask a few more questions.NOw this is germane to buying in my mind fixer and rehabbers or auction type properties. when we are selling new construction to  Jim and Jane and their 3 kids a standard Pre approval from a Lender I KNOW and trust is just fine... if we are customizing things for them then EM goes up and goes hard.

So while we investors are able to buy a property cash, can Average Joe and Jane American qualify to buy such a property?