All contracts, options, or other devices not based upon a substantial consideration, or that are otherwise employed to permit an unlicensed person to sell, lease, or let real estate, the beneficial title to which has not, in good faith, passed to such party for a substantial consideration, are hereby declared void and ineffective in all cases, suits, or proceedings had or taken under this chapter; however, this section shall not apply to irrevocable gifts, to unconditional contracts to purchase, or to options based upon a substantial consideration actually paid and not subject to any agreements to return or right of return reserved.Burden of proof is on the person to PROVE they are not acting as an unlicensed broker.

If your children have money in the bank, college savings funds and other stuff like real estate, those amounts will be added dollar for dollar to the amount FASFA declares as your family contribution.

Technically it's a default on the terms of the mortgage (assigning the deed over to another entity) so if the bank finds out they can declare a default and call your note due.My experience...don't tick off your banker.

How can someone have a great credit rating/report just prior to declaring bankruptcy? 

Bank may postpone the same, homeowner bails it out, or declares BK, etc.

The old scamming seller holding a note and declaring default is preditory lending, so the thinking behind doing it yourself is a key factor in setting up a scam transaction.There is a world of difference between commercial deals and residential financing, especially seller financing....

If there is no electric or water to the premises, you might try getting local code enforcement to declare it uninhabitable and get rid of the current squatter. 

@Stephen SpearmanState law in SC (according to my PM) is that the tenant can deny entry, even with proper notification, in a declared state health emergency.

They'll need to get an ITIN and declare to the IRS any interest you pay and/or rental income they receive.  

I realize from how sore I am that I have muscles where I never thought I had :mrgreen: I think it will take 2 more days and we'll be done with the painting.I have an interesting story to tell you all....The house next door I've noticed is empty and looks like it has been for a bit.