--------------------------------------I don't think it prevents you as an owner from initiating the action.Personally, I wouldn't have any moratoriums on private transactions.  

So I did what most serious new investors eventually do and learned how to get private money debt partners and equity partners.

I put 20% down using personal and private lending.How did you add value to the deal?

I also invest in other assets such as stocks, and private companies as well.

Also, if this is something that you are looking for in a hard money lender, you might want to look into more of a private money lending model verse anything else. 

II wonder if it would stand up in court that they could force you to use their contractual payment requirements on your own Private property.

First, let's be very clear here.The mortgage your speaking of is a private agreement between the seller and the lender.

I'll shoot you a private message.

If you can purchase this home with private money or seller financing and get a $110k loan, then you could do a rate/term refi right after so do a 90 or 120 day note to secure the property and get it in your name, then refi into long term debt using the full appraised value. 

You will find like minded investors, vendors, private money…etc. good luck!