How would the mortgage products be for a secondary home since it would be my Mother and myself on paper for the loan and we both live in separate states from the property.

Just last week I had to serve eviction papers on a woman tenant who was prostituting to homeless men in her apartment - and all the while the police dept were setting up their sting in the background.

I've used the local, small town paper instead of the nearby, big city paper with limited success.

So I would assume that the winning bidder would have to pay 10% of the winning bid as hand money, but in yesterdays news paper it showed all the properties up for auction and under the listing each properties had a hand money amount.

If you have any century21 agents, please refer them to me..I am also a Loan Officer, I specialize or niche in sub-prime financing.. which is one step above hard money, but one step below conforming or A-paper lending(perfect Credit).example: we can get investor loans funded with as low as a mid 500 fico..now if your strategy is to flip houses, then subprime financing is not for you.. stick with hard money.. however if your strategy is to have income or rental properties, then subprime finacing will benefit you especially those holding their properties to gain long term equity. average rates are between 8 - 10% depending on credit.

There would be a gift tax issue and there would be a paper trail if the feds saw it.

Get it all on paper and into a proposal.

If you have kept to your end of the deal you should be fine...you may even have a case to retain your earnest money.Additoinally, check with the county and see if you can't drum up a final Bills Paid Affidavit that states that the contractor has been paid in full for the work done....The other problem you will encounter, is that while you may not find any paper on your lot specifically, some counties, halt the deed transfer over the entire original abstract even before it is broken out to the buyer...so you may be looking at the wrong ownership table.Hint: contractors for subdivisions are too lazy to file leins over each individual lot, so therefore they tag the entire boundary.

When partnering up with someone its important that you spell everything out on paper, that way all parties know what they are getting into and they are no surprises.Partnering up with your girlfriend may or may not be the best ideal only time will tell.

I guess he'd have to find someone he trusted and that trusted him, because he'd not only own 50% of whatever was purchased on paper, but he'd be on the hook for the loan..