The pre qual letter looked like this:PP:225,000LTV:80%Loan Type: DSCR 30 yr fixed 7.12 interest 0 pointsFICO:815

Seller is offering 5% interest only financing with a balloon payment at the end of 3 years with ~1/3 of purchase price down.

In the handful of cases that I'm aware of, the lenders found out when changes were made to the insurance policies for the properties (the lenders will get notifications by letter of any changes to insurance policies where they have an interest).

But I definitely think it's time to send a demand letter.

On to your next blog article about my yellow letter!!

Then you can respond to "All" and keep the owner abreast of how their current PMC is cooperating.No more than 30 days before the Termination Date, you'll want to send an intro letter to the tenants.

Property #1 is a 5 unit with a commercial loan, amortized for 25 years with a 5 year balloon.

Here’s the breakdown of your situation:Capital Gains: About roughly 45.53% of each payment (including the down payment, annual payments, and balloon payment) will be taxed as capital gains, and the rest will be considered a return of principal.Interest: The IRS requires interest to be charged.

So everyone will send the same letter to the same people, they all get turned off and only Andrew profits.  

The letters I send to the address on file with the county assessor is bad, no forwarding address.Now I am trying to skip trace.