The down payment reserve account is fully documented for the borrower via a security agreement and is shown as a line item on the HUD closing settlement statement.

There may have been some negligible settlement of the interior footings as well, but it is not noticeable from walking the floor.

Your buyer will see on the HUD 1 settlement where he is purchasing the property directly from the seller and you will be on the statement being paid as an assignment depending how your title company words it.Hope this helps!

The settlement sheet is the road map.

Anyway, he received a settlement and stopped answering his phone the next day.I don’t have the resources to put someone on payroll, so a handyman that can handle work when it arises, or 5-10 hours a week is a necessity.Anyway, long story longer, I’m hoping someone can give me some solid tips on finding a good handyman.

I've seen this done for BRRRs (adding repairs to the HUD-1 or settlement statement) to increase the PP so they can get a rate/term refi vs cash out. 

When you are looking at units and ready to make an offer, you're (most likely) going to need to find a building with a unit you can occupy within 3 months of settlement.

(there are advantages as to the loan management, accounting, tax reporting and in meeting legal requirements when terms of a new obligation are identical to an underlying loan that is basically "assumed")In your new partitioned note, part one is for $135,996.23 (whatever) which is the payoff amount at the time of settlement.

Oakland's tenant/LL operations are second only to SF, and I have heard of tenants walking away with six figure settlements.

Is anyone aware of a closing attorney in the Birmingham, AL area who can provide Blind HUDs/Blind Settlement Statements to Sellers?