She had to think about it, but she said she would consider it if I could express everything in writing, as I did above.

My letter is meant to make that connection in the right way (I also disagree with your assessment that it is inappropriate; because they know that I am not a friend or family member, and wouldn't take the expression that way. 

He has expressed that he wants to sell the property but he says he is got to wait till he  gets them out first.

Before the end buyer signed, she expressed that the home had a TON of problems and wanted a discount to fix them.

It's simply calculated and charged (at 12%) for a shorter period of time (6 months).You asked that it be explained in detail, so I hope this isn't toooo detailed, but I'm going to give you the calculator punches on a simple 4-function calculator:(amount borrowed) X (interest rate) = (annual interest**)(annual interest**) divided by (12) = (monthly interest)(monthly interest) times (number of months you owe the money) = total dollars of interest paid**annual interest expressed as a dollar figure for total one year's interest at that rate*APR: I think you might just want to think in terms of the interest rate, instead of saying APR (annual percentage rate) as the APR is a combined rate that includes the interest rate being charged, and all other "finance charges" such as up front lender fees, prepaid interest, etc.The APR is required under TILA, the Truth in Lending Act, and only applies to consumer loans, so would not apply to a business loan, but your business banker might just be in the habit of using that term anyway.Dennis, are you still awake?

Find the heir's mailing address and send them a letter expressing your interest in the property.

You will be saving time and making better decisions.As for this lender, meet with the owner and express your disappointment and thoughts of taking your future business elsewhere where you are appreciated.

If you buy a property from someone in shortsale or foreclosure, at discount, then sell it back to that home owner in any way shape or form including renting, it is an express ticket to club fed!

I certainly didnt think it had to be much more than that, and the title Co would express anything else needed to transfer, right.

Thanks for your input, It gave me some good thinking to do, even though I may not have expressed it here.Thanks!