We did receive a settlement from the city for lack of use and access to that portion of our property but we still need to maintain it, we can access it by a stairway but for larger items we have walked our mower, over the corner of the neighbors lot. 

I have a great problems - with a friend we developed website that is producing more leads than I can handle - the problem is that they are thousands of miles from my home base.In 7 weeks I have received over 200 good leads all over the US - I am looking for someone in those area to look at the properties and receive an equity interest for doing some leg work for us.At this time we have 45 contracts out -if you are in the following areas - call me - let's see if we can share some equity profits.Oh, I am an auctioneer and this is how we are going to sell these properties - "as is" for all cash.Augusta, GA - Utica, IL - La Salle, IL 61301Clinton, IO So --- if you are in these area - call me for the address - they are under contract at this time - we control those property with a delayed settlement date.Thank you for your help.Charles Parrish - Auctioneer

No money in on the deal but looking at over $200 net cash flow, with capital given at settlement for immediate repairs that need addressed.

That would have been a nice settlement.

So in essence the private lender funds the entire acquisition and rehab atleast from the settlement statement / final HUD view of the transaction.

You should talk to property settlement agents in your area to find out how it works there.

So, my parents are now going to settlement on 29 Nov and buyer is going to settlement on 30 Nov.

The Settlement Statement won't be available until about a week before closing and the buyer is getting info from his attorney that closing costs will be at least $15K which is making the buyer get cold feet.

How do you account for closing settlement charges and expenses such as escrow fee, title insurance, wire/notary fees, recording fees, items payable in connection with a loan (on the seller side), appraisal fees, etc...

You will see it on your settlement statement.