To many good people have bad things happen to them and it seems like you're one of them, I certainly don't believe you asked for any of this or would you have if you knew things were going to be this hard. as for your question, I certainly wouldn't worry about taking the name off the car loan, however it may be beneficial if that particular loan has stipulations in it like they have the right to increase the rate if you're credit gets ruined, things like that.Feel free to contact me if you need any assistance, I'd be happy to help.

(Do keep in mind that while legally and morally they have this "best interst for you" stipulation, that is not the case many times.

Obviously this would only work with projects that can reasonably be estimated for time requirements (I think most would be)Is this a ridiculous stipulation, or could it be worked into an agreement and provide better performance?

ALso know that Bank of America and Wells Fargo have addendums in short sales that stipulate you can not re-sell the property inside of 30 days which kills the transactional funding from Coastal and all other transactional funders EXCEPT me.

Thats the whole purpose of having terms is to stipulate what the rules of the loan are.

The contract I use stipulates that it comes out of the sellers cut.

One potential problem with this approach is that it cause the loan to be called in.A lot of loans, especially HELOC loans, have a clause in them that stipulates that the proceeds from the equity that you recieve as a result of the loan CAN NOT be used to purchase real estate.The reason for this is that they want a separate loan on each real estate property to be evaluate on the basis of that paticular property.So ask about any such clause when you first consult with your bank.

Only stipulation is that you have to have an end buyer.

Here in the Show Me State (Mo.) we too are a deed of trust state and you can stipulate conditions, but there is a $5,000.00 minimum for a mortgage and many Realtors who carried back commissions who tried to collect through foreclosure, failed.

Spell all of this out on a Allonge (a blank piece of paper that has additional stipulations), staple it to the contract, and reference the Allonge in the contract.