And under the right circumstances, 3rd party, title holding, co-beneficiary land trusts are very good things in deed.

Out of town owners get priority when they are in town, and we try to meet at our office to review financials etc; then depending on circumstance I like to walk the property with them, and discuss long term strategies and capital improvements planned or in progress.

Checking FNMA's guidelines only makes sense if the originating lender intends to sell the servicing rights---even though I know very little about your circumstances, I can hazard an education guess about what I know about construction lending...Call Indymac---that's who I think your lender is/will be.Regards,Scott Miller

If the deal is under contract and you sell your rights in the contract then we are likely talking about the same thing even if one says flip and the other says wholesale.I am sure others will have views and maybe one person will have a really useful distinction.

---this is the precendence that has been established in circumstances of deliquent income taxes in every foreclosure bailout I've been involved in.

I have to believe that persistence and patience on my part will pay off under these circumstances.

then forget it.unless you KNOW or have a VERY good idea of THE NUMBERS AND THE MARKET, do not under any circumstances get involved in a highly leveraged situation, especially when it's putting your private assets on the line.getting involved in a negative equity loan and all those options to pay this or that is just another way for SOMEONE ELSE TO MAKE MONEY OFF OF YOU.the questions you should ask YOURSELF is:do i HAVE to do this?

Don’t answer them, literally, just asking…if you did/were not aware, you had to be notified of this action, public record, before it would be placed into collections and then added to public records.Option B: If you are adamant about paying it off regardless of circumstances and considering it is mom, like the other guy said, when and if you pay this off, create a contract that states that upon payment in full all instances of this account will be removed from your report.

This distinction has to do with the fact that one doesn't understand what a deal is and the other does.

Liquidity for investors in the higher LTV levels is not the infiinite playing field that it once was---but it is still available depending on a variety of circumstances unknown at this time.Regards,Scott Miller