Sounds like you have a good relationship but damn she could take you for a ride if you go in blind.

If the couple still wanted the property when they learned this, they’d have to pay off the outstanding first position mortgage as well, which was in the ballpark of $40,000.

@Keith Thompson  Absolutely outstanding post - I agree due diligence is critical. 

I am so damn anxious when will HEB and other commercial development kick in, dont know why it takes so long just for a grocery outlet to come...Maybe Elon needs to send a nasty email or tweet to HEB CEO and also tag Home Depot, Walmart, Starbucks etc lol....its about time this area catches up to NA

Damn.

I do have a loan outstanding that as of now I am paying monthly out of pocket. 

I've never had this, but I did have a very conservative family who were sending their daughter to live in my househack from the middle of the state, and they wanted to be damned sure we were completely on the up and up (they're landlords, too).I've heard stories similar to @Gail K.'

@Anita Morrish the VA land board is an OUTSTANDING option for a land loan. 

The lender may then qualify the borrower with a $0 payment.For deferred loans or loans in forbearance, the lender may calculatea payment equal to 1% of the outstanding student loan balance (even if this amount is lower than the actual fully amortizing payment), ora fully amortizing payment using the documented loan repayment terms.I hope this is helpful. 

One method (“Original Value”) compares the outstanding balance of the account against the original value of the property.