And, the law dictates that a creditor must attempt to sell collateral to satisfy the debt and do so at a fair market value, that is shown by a public sale.So, if you don't act in good faith or attempt to profit a borrower can certainly come after you.

You're provided insufficient details to really understand the situation.I could take this as the friend of a friend doing a shady transaction attempting to scam the "old lady" out of her house.

Kevin,I'm sorry if my post seemed like an attempt to speak for your philosophies.

Pat Lowry, that was just a little attempt at humor...I knew what you meant :)

Looking forward to being involved here -- guys like you have helped me learn a lot and I feel like I should attempt to at least provide a little value for others too.

I repeated that we are attempting to close the loan but I don't think that registered with him.

With that, what are you attempting to do, as to design variations, materials, functionality and the relationship to other properties in a development?

I purchased five ceiling fans and four faucets for 300 .00top shelf stufflike the hampton bay mercer 52 and price pfister hunter kohler.apparently home depot puts a lot of returns on pallets and auctions them off.some items are fine and intactjust the box is shabby others are missing a piece that can be ordered.like one ceiling actually had a missing slot for the bladeI had to cut a slot with my multi max. but the other fans were fine just a broken globe which could be ordered for about 20.00the fan cost me 20.00 and retails for 169.00 so I think I did ok.the faucets were fine nothing missinggot a price pfister shower body for 30.00check your your flea markets you may be surprised what you come up with.

Here in CA where prices and inventory swing quickly and cities throw in "green building" requirements regularly... you would be nuts to attempt it.

My wife and I are purchasing rental properties in our individual names in an attempt to be able to buy more down the road.