I'm telling you, that one change added 5-10% to the property because it pops now and has tons of charm. 

I digress...Birmingham is a charming city with good weather, great food, and a certain comfort to life. 

It takes like a half a second to enter a sales price into Encompass, the most widely used loan origination software (like Microsoft Word is to word processing).

@Lee Burns a bridge is a loan that is given to someone that will encompass the amount of closing costs, that will be paid out of the total first loan. 

With a wrap, title does in fact change hands in that case, but the seller is secured with a mortgage on the promissary note for both the equity and remaining mortgage (atleast).A note that is secured through real estate is a mortgage.A note that  is not secured is a note.A mortgage that wraps around, encompassing, the existing mortgage is a 'wrap around' mortgage.A note that is secured through real estate that does not included the existing mortgage (assuming there is one), is just a regular mortgage in lien position.

I'm not saying IKEA is necessarily bad but it doesn't have the charm of what you might find used especially if you want your place to stand out.

I for example don't like Vail as IMHO its essentially a glorified truck stop, sterile, with none of the old cowboy charm of a place like Breckenridge, Crested Butte, Aspen or Telluride. 

One of the charms of living in a small town is being near nature and having a close knit community.

type comments, but it seems I might be on track.  20%+closing +++ down is tough and also a risk and your credit is got to be good enough for a bank so it seemed on target... but the thought of Hard Money and deals that encompass Balloon loans, and variable rates etc., are scary to me! 

It sure was a charm for us.