So, I'd suggest a modification that keeps the original amount as is, cure any terms that may be non-compliant, have the modification originated by the MLO with the seal and license number stated, done as a correction for compliance.Or, fund a new loan at par as the payoff and pay your taxes.I'd also say that a seller financed note improperly originated would be viewed as a violation but also as to its intent, terms and impact on the sale transaction and who benefits and to what a cure might be.

I got a call yesterday afternoon from a newbie RE investor I will try to para-phrase as best as I can .

Angit all depends on what you are trying to accomplish and the amount of capital you are trying to hedge or manipulateCorp set ups are not cheap to do, plus depending on how many people you have in the entity will determine what type of entity you would createas far as corporate coverage for lawsuits is concerned there really is no way to have a complete coverage from a lawsuit, it only will protect you personally, your assets, if they are in the correct structure in the business entityremember that when you set up a entity in another state that entity has to have a physical mailing address in that state, this means you will have to have someone transferring your mail for you, like a virtual box, office, which the new laws being enacted are going to do away withyour best approach is to contact a local CPA and para legal in your state to decide which is going to make the most sense and be the most economical for your situationthere is not a one type covers all entity, you may want to do a trust or some kind of partnership depending on the situationenjoy

See below statement (also in the last para in the link)"Loan investors, including Fannie Mae and Freddie Mac, often create their own PMI cancellation guidelines that may include PMI cancellation provisions beyond what the HPA provides.

Hans has a fine affidavit, if only the "in excess" were removed in the #2. para.

Con el tiempo seguiré agregando términos.Quedo a tus órdenes para apoyarte con cualesquier términos.Best wishes on your real estate journey!

Or, the investors own the LLC, and the LLC loans the money to you for the property.I've heard of doing loans "para pasu", which gives each lender a mortgage against the property, but all are in equal position.

Para 23 of the TREC contractSellers disclosure notice delivered ? 

While I still believe in the perfect world where you get a repaired product, but you deserve a product that is of the same par as a new build.

@Paras Newbe I would read @Betty Cruz number 3 and 4 about 10 times before jumping into san antonio.