Anyway, it was originally a 2 bedroom 1 bathroom.

Depending on how the owner financing was originally structured, the buyer will get title to the property for the first time or the seller will execute a Satisfaction of Mortgage indicating the mortgage has been paid in full and releasing the lien on the property.All the best!

Originally posted by @Jeffrey Levy:@Louie C. 

What would you say Don if a borrow called and said they were told NOT to tell you, to keep it secret, how high would the hairs on you're arm raise? 

ThanksDepending on the number of loans you originate, it may be a lot cheaper to have a servicer manage the loans for you since many can do it for $20-$25/mo per loan.  

Original thread here for referencehttps://www.biggerpockets.com/forums/51/topics/1195208-1031-...

Originally posted by @David Oldenburg:Bill, I must correct you!

A bank will give me a loan (if its ARV is good) and I can use that new loan to pay off the original home equity, and buy another home plus pocket the difference?

We have a clause in the original contract saying that if they cannot get caught up on payment by the end of the 6th month, the lease agreement will be terminated.

Originally posted by @Robert Tinker:@Jess McLaughlin I'd like to follow up with you as you progress on your deal.