That statue mainly applies in situations where the mortgagee --- for whatever reason --- fails to record a satisfaction document.

Hi Tia, I've worked with a family in a similar situation here before.Happy to help you with your options, feel free to call or text me below!

Let’s say a property is, in its current situation worth $300,000.  

In most situations - it will help.

Their rates are good but boy, they looked at my financials and ask some funny questions such as asking for proof that I could withdraw funds from my SEP IRA account, and that I need to provide documentation to verify that  this employer sponsored retirement account allows for funds to be withdrawn, or if withdrawals could only be made in connection with the borrowers employment termination, retirement or death etc. everyday they sent me something new to answer.

I know of several DSCR and portfolio lenders who offer different terms based upon your situation.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

This eliminated any financial burden for Archie Raglin, allowing us to focus entirely on executing a smooth and profitable deal.

So the question becomes based on their individual and personal tax situation what is the estimated tax burden they'd save? 

Is that something you would consider in that situation?