You can get a commercial loan, 5-10 year balloon, you can Not get a conventional loan, 30 year term with no ballon, in an llc name.  

We have no paper trail of past payments but have a letter from tenant to owner stating that "sorry I was late with payments and I want to continue staying in the house."

I received a certified letter for verification of Allowable expenses by tax sale purchaser from Jefferson County AL.

The seller is offering financing at 25% down and 30 years amortized at 5% int and balloon at 5 years. 

If the credit report is showing an error, it should be easy enough to get it removed if you have some supporting documentation.If the report is showing correct information, you might want to try a goodwill letter to the creditor.

Misrepresenting driveway access is a fast ticket to getting sued by the buyer.In addition to the other good suggestions here, I'd suggest a certified letter / return receipt to the broker at that agency.  

Letters, postcards, ect.4) either purchase lists or start driving for dollars to locate properties5) send mailUnderstate that you may not hear anything back from most of these people.

I mailed an introduction letter (written by myself) to the current tenant stating I'm the new owner, when I expect rent (by the 1st of every month) to avoid any issues, where they can send it to, and my contact information if they need to get a hold of me or have any questions about the transition of ownership.

For example, a loan may be amortized as if it would be paid over a thirty year period, but requires that at the end of the tenth year the entire remaining balance must be paid.balloon paymentThe final lump sum payment that is due at the termination of a balloon mortgage.bankruptcyBy filing in federal bankruptcy court, an individual or individuals can restructure or relieve themselves of debts and liabilities.

Questions:-Is this a fair and simple structure - Do these plans usually balloon after a given term (ie 5 years)- Are we within reason to charge an acquisition fee and ongoing asset mgmt fee?