If there is money on the table I'd want it and if it's really there, you can't just ignore it and expect the holder to give it to you for nothing, not usually.You could, and more astute buyers may, consider the borrower and the unsecured portion of the debt.

Karen MikolainisOnce upon a time there was a real estate investor that had like 50 first mortgages on properties, as well as a few second mortgages, some HELOCs, and some unsecured lines of credit too.

Selling estate assets prior to distribution is the entire point of probating a decedent's estate  in many cases as this is requured to pay secured and unsecured creditor claims.

As a credit sale debt, a seller can carryback a note, secured or unsecured, and such may not be considered a loan subject to California's usury laws.This is from an article at http://www.yourlegalcorner.com/articles.asp?

(car, unsecured line of credit that was maxed, 2 credit cards 1 maxed the other at 1/2 max, her student loan, various small unpaid bills).

Encouraging unsecured, high interest debt for those new to REI just seems sleazy.

Well, I will always consider myself having something to learn, because once you think you know it all, start ignoring all there is out there yet to learn.I certainly don't advocate taking out unsecured loans to everyone.

You could also just release the DOT, leaving the note in place, but at a time unsecured, since it's your LLC.

I'm looking for a local attorney in the LA area to go after someone that is late and not responding to repayment of an unsecured note.

The sources of funds for the purchase transaction are documented (such as bankstatements, personal loan documents, or a HELOC on another property).If the source of funds used to acquire the property was an unsecured loan or a loansecured by an asset other than the subject property (such as a HELOC secured byanother property), the HUD-1 for the refinance transaction must reflect that all cashoutproceeds be used to pay down, if applicable, the loan (unsecured or secured by anasset other than the subject property) used to purchase the property.