While the above-referenced items identify what is customarily required by Servicer to support a Loan Assumption request, Seller and Buyer acknowledge and agree that the terms, provisions and conditions of the documents governing the loan(s) to be assumed will ultimately control, including, without limitation, transfer fees and costs, release language, legal opinions and the documentation required to evidence the Loan Assumption.

It is just a different way of building retirement savings.If you were to cash out the plan, you will do two things that are negative right off the bat; significantly reduce the amount of capital you have to invest with through state and federal taxes as well as a 10% penalty if you are under 59 1/2 years old, and likely significantly increase your marginal tax rate on all of your income in the year in which you distribute a lump sum from your plan to yourself.

Hey folks,Just got my track search back for a property tomorrow and found:---Recapture Agreement recorded (date) as document(number) made by (person) to Illinois Housing Development Authority, to secure a note in the originally stated principal amount of $25,000.00, and to the terms and conditions thereof.All I can find about a Recapture Agreement is that it is a 0% loan given to certain people from the government for rehab.  

The statue: (b) In a tenancy with multiple tenants, one of whom is terminating the lease under subdivision 1, any lease governing all tenants is terminated at the latter of the end of the month or the end of the rent interval in which one tenant terminates the lease under subdivision 1.

So I look for every chance I can get not to pay the government.  

There will be government help that may offset your losses enough to help you keep afloat financially.

@Patrick M. yeesh rent control, a temporary government program from the Great War (World War ONE) run amok until the present day.

It's possible the tenant can apply for federal aid as their income has been affected by the hurricane.

You may be able to find this online (state/local government websites would be only credible source I'd trust; although, your licensed agent may be able to help.)  

Government subsidize only part of rent, some $$ tenants pay by themselves.Good luck with your adventure