Also, there is an IRS memorandum which explains in great detail why a transaction of this type was considered acceptable when the applicable laws and legal doctrines were applied to it.

@Jose Pena I can tell you on the phone but you have to be really control freak....lolI have accounting background plus my first bachelors degree in engineering so I understand numbers and extremely detail oriented.

I may have come across some by another name but let me look at the details. 

There are several details on a HELOC the 2 biggest with PENFED is max of 400k and max of 3 properties owned.

Hi,I'm very new to real estate but am very fascinated with active mortgage notes. 

Is there an article anyone can point me to that offers more detail/better illustration of what recapture is?

If anybody would be interested, or know someone that would be, let me know and we can discuss more details. 

here is my home for sale. i think its priced right by watching and see the other homes in our market. but first weekend on the market ive had 1 offer and 1 showing. my agent said we should have 4-5 showings our first weekend. he indicated the price may be to high. i really dont know. the only other housing available to buy in this price range is manufactured homes or early 1900s small homes. please tell me what direction to go. the offer was 20k less than my asking price. she is a first time buyer and only approved for that much. https://www.realtor.com/realestateandhomes-detail/6042-W-New-Hampshire-St_Spirit-Lake_ID_83869_M26588-85211?

here is my home for sale. i think its priced right by watching and see the other homes in our market. but first weekend on the market ive had 1 offer and 1 showing. my agent said we should have 4-5 showings our first weekend. he indicated the price may be to high. i really dont know. the only other housing available to buy in this price range is manufactured homes or early 1900s small homes. please tell me what direction to go. the offer was 20k less than my asking price. she is a first time buyer and only approved for that much. https://www.realtor.com/realestateandhomes-detail/6042-W-New-Hampshire-St_Spirit-Lake_ID_83869_M26588-85211?

We could use more details to help give better advice, but the real question is determining whether or not you have a deal.