I spoke to the Big bank that currently carries the note and was told he is too ethical to do such a thing and also eluded to very serious tax implications for doing such a thing.

These are professionals with additional training and a stricter code of ethics.

I hope that she is ok.I promise that all of the above is true.Family first …then morality and integrity… Ps ethics take a back seat but The diff between moral behavior and ethical behavior?

These are professionals with additional training and a stricter code of ethics.

Assuming all contractors are self starters with the same work ethic is a fallacy.

Good ethics and integrity apply to any and all business pro's not just wholesalers.

Is this ethical / legal for the seller to be the lender on the sale of their own property?

He who has the gold makes the rules.CREATIVE DEALS:  They are all structured differently AND the only thing that needs to happen is morally, legally, and ethical agreement between both parties by contract. 

It's just not legal and some would question the ethics behind it.

If you attempted doing that as a real estate licensee, that would be an ethics violation that could put you in hot water and wind up costing you hundreds to thousands of dollars in fines.