You may make arrangements later on to put it in a company or trust.It won't matter as to your credit as either way, you'll be signing a personal guarantee. :)

Depends on the rate and terms you arrange on the owner carried note.

Aside from the fact that you can't do this unless you have some legal and proper arrangement with the seller, or if you actually purchase it, the small items you talked about are so minor it adds little to n value to the rehabber.

I've never encountered such arrangement where a place of employment, let alone a church, will be paying for the rent of my tenant.

Thanks to my old friend @Tom A. and my new friend @Aaron Yates for arranging the meet.

Since $ 1800 is probably less than 1 month's rent, I would negotiate a 'cash for keys' arrangement.

I was never a disability insurance guy, in a big way, only did a few in connection with business coverage on key person arrangements as an agent, but I learned that dollar for dollar no insurance company can compete with government & SS on disability.

If the home was surrendered, a discharge order will be issued for the mortgage.If the home was selected to be surrendered, the mortgagee may opt to finish the foreclosure to deal with any additional encumbrances on title or a Deed in Lieu can also be arranged along with a directed sale of the property to produce funds to satisfy the lien.

But, when it comes down to money, time and effort, hardship of living in a travel trailer, an equitable offer may change minds.There are so many arrangements that a fix and flipper could employ that the possibilities are endless, and doing so that really does benefit the community and the owner, certainly not vulture tactics.I'd say too, that in such situations, with an investor buying as a business transaction, seller financing would certainly be in play, at least in the short term so that improvements can be made and the property marketed while getting some cash to the owner to get over the hump.I'll stop there, but opportunities come out of all kinds of hardship situations, you can't help the fact that some devastating event occurred, attempting to do business is not wrong so long as you approach it with the right attitude keeping in mind the community and individual trauma involved.

From the original list/filing about 1/3 are canceled, people sell the property, refi, or make other arrangements.2.