Your 4 plex would be the security instrument for the new note.

(Yoga-Zin moments...where you see the light)What are the instrumental tools you use in your business that got you there?

Just trying to learn, will an irrevocable statement (mixing another language like an Irrevocable Standby Letter of Credit / Irrevocable SBLC) or something similar of an instrument where both parties cannot take back what is in writing UNLESS another instrument is provided before the original is due.

Our argument is that there was no actual sale that took place, only a change in ownership and this QCD is a corrective instrument.  

@John Humphries I wish I could tell you about some nice, fancy, financial instrument but it's just in a savings account.  

Example: Lease says -'Tenant agrees that upon non-payment Landlord may self-evict Tenant after 10 days' - Tenant agreed, Landlord agreed, a there's even a written instrument ---- Self-eviction still NOT legal if Tenant protests; because your Lease can not supersede the law and that law is interpreted by a judge and that judge may actually find you, the Landlord, as trying to circumvent the law and there may be real repercussions from doing so. 

There are no instruments that will give you a monthly payment that's 2% of the balance divided by 12.

In the end, my attorney located someone at the original mortgage company who agreed to sign an instrument stating that no monies were owed but the original note was long gone.

Since we have  quiet a few attorneys on this thread,re due on sale clause , what  are the attorneys opinions re the change in the "due on sale " clause  based on the changes in fannie mae guidelines from Nov 2017, and proceeding with the samehttps://www.fanniemae.com/content/guide/svc110817....Section D1-4.1, Information Relating to Transfers of Ownership Applicable to All Mortgage LoansD1-4.1-01, Determining Whether a Transfer of Ownership Is Permitted (11/12/2014)[...]D1-4.1-02, Allowable Exemptions Due to the Type of TransferA transfer of the property [...] to [...] a limited liability company (LLC), provided that: the mortgage loan was purchased or scuritized by Fannie Mae on or after June 1, 2016, and the LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).ThanksP.S thanks to Chris Mason who posted this on this threadhttps://www.biggerpockets.com/forums/49/topics/610...

Notwithstanding the foregoing, if the value of Scott’s interest in any of the LLC interests listed on Exhibit B increases as a result of his active efforts, the appreciation of such assets shall be deemed Marital Propertya) Active shall be defined as exclusively engaging in gainful self-employment working toward the growth of his LLC interests listed on Exhibit B, successor LLC’s, spinoff LLC’s, or any other LLC or gainful acquisition made using premarital funds, mortgages, or other financial instruments to fund growth.