You can't actually pay it off directly because they've been securitized, and the people who invested in those securities did so because of the specific certainty of the payment schedule.What you do in a defeasance is use the proceeds of the sale or the funds from your new lender to purchase treasury bonds that are packaged to make the exact payment amounts and timings on the remaining term of the loan, and then assign those bonds to your old lender.

I use an excel sheet I created that includes the date, REPS category, property, description of activity/activities, the people / tools of the activity and the hours spent on the activity.

Looking for advice from people that have used this strategy to acquire properties. 

People voting on that are either crazy or stupid ...And that totally incorrect post on this thread STILL gets upvoted, and STILL has the most upvotes.And people wonder why I am less active on BP ... 

Ideally with experience and operates east of Ronkonkoma NY.Looking forward to hopefully connecting with people.

Looking to connect with people who have experience in the area as far as pros and cons and personal experiences

It’s all about surrounding yourself with like-minded people who have the same goals, and you’re definitely in the right place with BP for that.

Also I Would like to meet people around the pittsburgh area about real estate, currently most of my properties are located in florida, (have 3 here)..Westmorland County.

People are not choosing the cheapest housing available.

This is a great place to learn and to connect with people so take advantage of all the great resources.