Well, shoot, Austin--there's no substitute for experience. 

Interest will need to be charged at a minimum prescribed rate, but if used to substitute for a higher interest debt it can be a viable strategy.

Sometimes a commercial lender will also let you substitute a loan.

Imagine if I reposted your exact post and substituted New York for Florida.

The first rule of arranging a loan payoff:NEVER SEND ORIGINAL LOAN DOCUMENTS TO ESCROW UNTIL YOU HAVE BEEN PAID OFF IN FULL.This includes the signed and notarized Substitution of Trustee and Reconveyance which, once recorded, nullifies your Deed of Trust, @Lois S.These documents are the only leverage you have if there is a payoff dispute.

I have been using HD Supply for plumbing /electrical supplies, appliances and other needs for the past 10 years.  Now some management genius has decided that they will no longer deliver to my house.  Their warehouse h...

Substitute a house for a truck, use the same purchase agreement arrangement, the same intention of assigning the contract, in the eyes of the state motor vehicle folks, you're a car dealer!

It’s cash flowing nicely and no amount of money can substitute the knowledge (and confidence) I have gained here!

But make no mistake, its not a substitute for direct mail marketing, referrals, networking and getting to know your market.

There is a big difference between the foreclosure auction process which is used to protect both lender and borrower interests by providing for an open auction process to establish a cash liquidation price on property securing a defaulted loan, and using a private auction process to market a property in conjuction with or as a substitute to the customary sales and marketing process.