I presume it didn't pass then?

This "horrible experience" (she listened to a neighbor's story and presumably heard fake moans and groans through a wall, maybe some dirty, dirty talk) is clearly causing her immense psychological harm.Come on, Jimmy, let's get to the beef.

Since the deal wasn't direct (there was a wholesaler involved) and she was allowed to stay in the house for some length of time after sale, and presumably she didn't have a real estate agent or attorney representing her, her claim would be considered by the court as her being taken advantage of.

(presuming IN is like most states) If your company is doing business in, IN, you must register that company in IN regardless of where it was formed or based.

(You are voting I presume) that would change this to allow up to 80% of equity. 

@John NewsomWelcome to note investing and to BP.Since you mention that a principal payment was made, I presume we're talking about a performing note.

It's "underwriter discretion" on that one, and "underwriter discretion" is a bad place to be, since you as the borrower have zero control over if the underwriter's milk went bad ruining her breakfast that day, and you (presumably) don't want a half million dollar real estate transaction dependent on the expiration date on a $4 carton of milk.This is part of why CPAs and mortgage lenders are constantly at odds with each other, since great advice from a CPA focused on saving you tax dollars is often simultaneously horrible advice if you're goal is to buy a house next year and don't plan to pay cash.

I presume the difference between the purchase price and the 2nd sales price ($25000) would be capital gains?

In California, a tenancy in common is presumed, absent language to the contrary.Joint TenantsLike tenants in common, joint tenants have the right to possess the entire property.

I ask bc in the next 12 months the Fed will presumably either solve inflation or cause a recession.