Hey, in order to have access to the MLS site, isn't there a premium that one still has to pay in order to continue using the MLS benefits?

Thus there should be a slight premium to be on their own land.

I selected a large subdivision just outside of town that was under a different fire protection class code, I got a letter from the city fire department saying the would service that subdivision and that allowed the underwritters to agree to lower the ratings allowing for a better premium.

Bill will have a better idea, but if you finance it to someone with "not so good" credit, you may have to take more of a discount on the note, than the premium you got for the property.

Monthly Premium and how many ppl are covered2.

I've read about the premium they charge and the shoddy rehab in some cases and the lack of rental guarantees, etc.

I typically look for around 5 years, but I'd pay a premium if somebody were willing to lock in for 10 years.

Sellers know they can get a premium in SoCal just because it's Southern California.

I still have a BOA mortgage w/ 21 more years on it (technically, but I know I'm ahead on that) that I plan on keeping and paying down as quickly as I can afford.My friends have almost no money to put down and I'm planning financing them.I have a lawyer who I've used twice in the past for traditional purchases (one bank financed, one cash) and she assures me this is not a difficult thing.My friends have agreed to my asking price and my terms of the loan.We are getting a small premium on the sales price of the home and are loaning them the $110,000 at 6% over 30 years.We still owe about $75,000 of the original $91,500 BOA mortgage which is at 5.875%.I talked to my Allstate agent and she said we'd have to switch from homeowners to a Landlord policy.First question, does this sound like a fair deal for both parties?

I did get in touch with Premium Title a week or so ago and it sounded like all they needed was a "letter of indemnity," whatever that is.