The contract was for 1yr and it was prepaid up front, but it states that after the year it goes month to month.My take on this is that if she didn't pay a dime after the year passed and converted to the month to month, then that means that she didn't renew the contract and is off the hook.

Some online tax auctions work via an ACH debit.

Prepaids has a property taxes of 6 mos = $1,1516.84, but the G.

A landlord must pay interest each year on security deposits and prepaid rent held more than six months.

When you purchase the note, it is accounted for as follows:Note Receivable - debit $300.00Unrecognized Gain (Discount) on Note Receivable - credit - $150.00Cash - credit - $150.00Then when the payments comes in, you record it as follows:Cash - debit - $20.00Interest Income - credit - $8.00Unrecognized Gain (Discount) on Note Receivable - debit - $6.00Recognized Gain on Note Receivable - credit - $6.00Note Receivable - credit - $6.00This assumes a note purchased for 50% of face value. 

I can afford the bill, but it's ridiculous: the coverage is for more than double the rebuild cost, I can't shop around because I've already pre-paid, and the bill is retroactive to the closing date.

The new loan amount can be no more than the actual documented amount of the borrower's initial investment in purchasing the property plus the financing of closing costs, prepaid fees, and points on the new mortgage loan (subject to the maximum LTV/CLTV/HCLTV ratios for the cash-out transaction based on the current appraised value).

Pre-leases are possible, but generally are either done by very sophisticated owners and tenants or between parties that know each other.While there is no prohibition against using pre paid lease amounts for your down payment in commercial deals, any deposits may be strickly regulated by you state.

The principal is being pre-paid in comparison to how the loan is amortized, which is the schedule of principal and interest payments and allocations of the same.

I know it doesn't directly answer your question, but it's better than nothing.The new loan amount can be no more than the actual documented amount of theborrower's initial investment in purchasing the property plus the financing of closingcosts, prepaid fees, and points on the new mortgage loan (subject to the maximumLTV/CLTV/HCLTV ratios for the transaction).