Originally posted by @Gregory Mcgraw:Ok I wasnt sure if you did.  

Foreclosure sale could sell at same price as original purchase, but with accrued interest and fees, all LP equity gone.At the end of the day, all LPs loses boil down to an issue with cash flow available and/or a decline in overall values.  

Originally posted by @Arnie Abramson:@Daron Williams before you try and sell your lot you need to know that you may have to wait 2 years before getting a title policy. 

Originally posted by Account Closed:Robert Lindsley That's the exact issue.

You will pay for the higher risk with higher rates and origination fees but if the deal makes sense then congrats.

Use a payment processor to pay the original note and any wrap if there is a 2nd position secondary note that pays the seller the difference between their current mortgage and the total sale value. 

1.7 % of Loan Amount (Points) - $6,035underwriting fees - $1,400Are the above fees reasonable or not for refinancing a mortgage?

I have been through this loan as an investor myself and originate these loans all the time.

It is not uncommon - main reason we see right now is over inflated original ARVs and now borrowers cannot sell and pay off the lender. 

For instance, someone making $500k a year and living in a very highly appreciating market might be extremely happy on a deal that loses $200 a month but is getting 5% appreciation on a 2 million dollar property in San Diego, butut that doesn't make sense for the investor with 30k and a lower paying job.When it comes to the book series I agree with you that the order doesn't make sense (having read both).