It might be junior to an institutional loan but it is not equity.One can be a bit creative.

To make it more appealing to a lending institution would I simply just invest a portion of my own money into it, or look for another lender and then if nothing seems to work put money down?

You would not use a 1099-C for this purpose, this form is for financial institutions and gov't agencies.

Thank you for your response Royal T.

I've definitely heard of major lending institutions who go off appraised value...even B of A will give you a HELOC on appraised value, but not above 90%, and certainly not to a borrower with a 550 FICO.

Mike - I would guess you have heard of the Austrian School of Economics plus the Ludwig von Mises Institute.

The Institute of Real Estate Management (irem.org).

The real estate market has been booming here over the past several years due to Las Cruces receiving nationwide recognition from such distinguished sources as Forbes/Milken Institute, Money Magazine, USA Today, Inc., Where to Retire.

Most people who have been taken by this scam only hesitate briefly before wiring the money, as they have already "cashed" the doctor's check, they are sitting on a year's worth of prepaid rent and the dollar amount for the furniture is small in comparison, and believe that if the check were fake it would have bounced already.The cashier's check from the good doctor bounces roughly three weeks after the homeowner deposits it (contrary to popular belief, it takes financial institutions longer to figure out that a cashier's check is worthless, in comparison to a personal or corporate check).

The institutions that have installed a new CEOs will come clean ASAP.