Right now, the best one I see out there to use is the MULTI-member LLC with a GOOD COMPREHENSIVE OPERATING AGREEMENT/UMBRELLA POLICY.

Anything that was other than a 20% down, conventionally-financed purchase with a pre-qual, etc. was completely beyond her comprehension.

Median household income for the area is $35,000.

I definitely agree with having an umbrella LLC and a strong and Comprehensive operating agreement.

Very informative and comprehensive.

I believe you need to brush up on your reading comprehension skills.

If the purpose of the loan is for personal, family or household use then NMLS is required.

Add in corporate, household and municipal debt and you get a chart that looks like this:http://prudentinvestor.blogspot.com/2010/02/chart-of-day-us-debt-vs-gdp-in-2009.htmlHow would you not worry about our situation?

Again, a candid and comprehensive discussion with a good lender should be able to provide you with your options.My recommendation is to find a good lender and/or real estate agent first.

At least in NJ, when a property is listed with an agent, owner is required to fill out a full disclosure form where they answer comprehensive questions on the condition of practically everything.The agent is therefore in the know of these conditions and are legally bound to disclose these to the buyer...