Please let me know if I can be of any help to you in executing any of this.

1- Secure contract with purchase price and terms2- Send contract to title (search and insure)3- Draft note and mortgage (you'll need a lawyer to do this- less than $500 likely)3- Seller uses proceeds (your down payment) to pay-off  the lien (The title company will handle all this)4- Close the transaction5- Establish payments to sellerYou'll want to make sure there will not be a delay between the payoff of the 1st lien- executing the "lien release" and closing your transaction- will require coordination.

I am having troubles on figuring out how to effectively execute a HELOC strategy for house repairs and for future investing.heres My thoughtsCurrent situation: have an excellent rate on a mortgage at 3.625%.

But, hey, if someone wants to prove me wrong, do so with a fully executed purchase contract and make an "I told you so!"

That is going to push the 'danger zone' of hurricane damage further inland and leave beachfront even more vulnerable.  

Has the contract extension been executed or is it just an option? 

Kinda of in the building my process before executing that way I don't miss a step.

Hey Guys,I just put in an offer on a house I intend to use the BRRRR strategy with.  I know it was a ballsy move, but I offered over asking, unconditional, to close for September 28th.  The offers will be considered t...

Aside from that, you're assuming risk unless you have an attorney you've consulted and have a contract that offers you adequate protection.In your situation, I'd be sure to vet the buyer very carefully- confirm everything with his lender...using FHA requires jumping through a lot of hoops...you want to make sure the buyer is qualified before tying up your property for 45-days and he can't perform...If you are comfortable with everything, just execute the contract and send it to your title company to start the title search- along with any earnest money (if there is any).

This Loan shall be governed by and construed in accordance with the laws of Ohio.IN WITNESS WHEREOF, the undersigned has executed this Loan Agreement as of the date first stated above.