I got a lot of good info from this, summarized below.

To summarize it, she just didn't understand why it was taking so long since she was paying with cash.  

Hello all,I was curious if someone could briefly summarize different types of financing for a person who does not have much saved and who doesn't have the best paying job?

The gist of who I am and my background can be summarized as this: I am a male to female transgender, born and raised in poverty in small town USA.

The money is summarized on the HUD-1 settlement statement.

So to summarize the seller owes BofA about $350,000 on a property they feel is only worth about $80,000.

But I summarize the history, and re-make the request.

Banks send me a 1099 of the mortgage payments, summarizing the interest paid, principal pay down, bills paid via escrow such as insurance, and the outstanding escrow.

It seems that factors like how much equity is buliding, tax benefits from depreciation / expenses / mortgage interest, etc. can make a material impact on the return of the investment.Tab one is a summary showing rental comps to estimate income, then the second section to the right details summarizes financing costs, expenses, taxes, maintenance, etc.

To summarize the episode, it is not illegal, however, the transfer of the property gives the bank the option to call the note.