I own a few properties in the Hudson Valley, NY (Poughkeepsie, Fishkill area for those familiar - B&C areas):7-unit apartment: $500,000 equity - free & clear5-unit mixed use: $400,000 equity - 7 years left on a small mortgage held by prior ownerSingle family (my personal home): $375,000 equity - free & clearSingle family: $80k equity - 22 years left on mortgage, worth about $300kOther than my personal home, all properties are breaking even as rentals - not losing money, not making money. 

I feel good about the money being held in an escrow account until the property closes but its my first assignment on either end so im just trying to make sure im asking all the right questions to protect myself.

Just wasn't sure if there might have been a site that may have held the answer.

In order to buy down the initial rate for the temporary payment, a lump sum is paid and held in an account used to supplement the borrower's monthly payment.

There are 5-6 held throught the year.  

I'm not a lawyer, but I don't see how the property owner could be held accountable should he offend again.

@Jason Powell I bought and held.

The building is held in an LLC that is owned by the son and the wife of the original owner.

The mortgage is in one person name, and the title is held by who?

Account Closed  2.92% dividend yield on top of doubling your money if you held for 10 years, with zero work on your end, isn't good enough for you?