In addition to helping him with his business, I am a Speech Language Pathologist consultant (for over 30 years).

I will craft the language to say that within each monthly payment there is a contribution to the equity of the property.If I am representing a Seller/Lessor I want to craft this transaction to make it clear that the tenant is not getting equity in the property== it will make it easier to evict the tenant.

One thing I counsel clients on daily is the risks of that language in the mortgage which says, if the property is conveyed to another entity or person, they can call the note and foreclose...

I took a BS from Oglethorpe University in Business and Computer science, minored in Japanese Language and Culture, and concentrated in Economics.

I didn't think of that" etc.You have to be able to speak the seller's language.

It would depend if the loan were a conforming or non-conforming loan, as they use different notes, but there is language in the document referring to your question.

The landlord tenant act states the precise language that you must use if you plan to use the lease and not the five day notice posting.

You can "speak the language" when you deal with contractors and subcontractors.

I think both Mike and Eric are a little right...Real Estate Investing has so many languages that we all can have an opinion and each one of us be correct.When a seller calls me and they re upside down or in "fantasy" land I let them know on the telephone...however I don’t educate the seller about my buying techniques on the phone.If you sense they are a Short Sale candidate ask them if they have spoken to their lender about a short sale. 6 months ago the general public didn’t know what that term meant now almost everyone who is upside down and behind in payments does.I like asking if they have spoken to their lender over asking them if they would consider a short sale...

All else fails, send a signed contract with your next payment with language that states, “As per our conversation with one of your counselors” and have in their that all negative remarks will be removed from your credit reports.