I am at a loss as to how to title this piece,I have a Townhome I bought(seller financed) in 2001 at $87500 @9%( at the time I do not have good credit)the balance now is 82000(which includes escrows)....the problem is I have done some work on this property.....replaced polybuthylene pipe @$2600,repainted the house$900, other repairs$1500,jacked up the foundation from the crawl space$1600......any way because of the Real estate downturn, there has been a lot of foreclosure around my house which means low appraisal, two units been offered at short sale at $60k and 35k...informal appraisal puts my townhome at 75k to 82k....needless to say I have a difficulty refinancing, credit is no longer a problem.....my question is how do u approach this owner to either write down the Principal to maybe 75k or cut the interest rate to maybe 6%...or alternatively I may have to walk out on the property....by the way how will this affect my credit,it is currently not recorded on my credit reports(I monitor all 3 religiously) the deed is however recorded in my County courthouse here in Cobb County ,Georgia...If any one has another option or approach I can take , pls let me know

Needless to say I hate BofA with a passion.Here's a nice article I just read in the news a couple days ago!

Needless to say, it would be adjusted accordingly.Question 1: In your experience, do you know if a bank would consider past checks as proof of additional income even if no taxes were filed?

Needless to say I snatched the opportunity and hit the ground running.When I started flipping with this company, everyone I knew including FAMILY was skeptical and were very doubtful of the opportunity.

People often forget the context of ROI figures and just go straight for whatever % is highest, so it's an important reminder: If you pay cash, you'll have more flow each month but your ROI % will be lower because of the increased investment amount; if you finance, you will have less flow after expenses each month, but you will need less cash upfront and someone else is paying your mortgage for you, eventually leading to a fully-owned cash flow property that you essentially paid 20% for.

Needless to say, this “pushing it to the limit” experience was all worth it in the end.

(needless to say, I am not an attorney and this is not legal advice but just a comment from my experience)

Needless to say I am about ready to sell.

Needlessly to say, it's pretty terrible. 

Well, when something magically requires a high priced in person seminar versus a simple podcast or podcast series, or a multi thousand dollar consultation by a select few holding their cards close to their chest- You have beneficiaries of what is in essence a needless regulation.The bottom line is Lonnie Scruggs was the epitome of the self made salt of the earth millionaire that the elitists who control both parties despise.