I am unable to open your document.

It would depend if the loan were a conforming or non-conforming loan, as they use different notes, but there is language in the document referring to your question.

Also, well documented data on outstanding specific types of mortgages indicates likely high default numbers thru 2012.

kinda like the libs who do nothing but chant "i hate bush" but offer nothing in the way of ideas to improve this country's lot.but you gotta love all the folks out there that will watch the news and buy into the hype.

You might also want to make an agreement for deed, a document of actual $ amount for what you want for the deed.

The Cost of goods sold would comprise of all the expenses on the closing document, ie. - realtor commissions, attorney & closing costs.

Good read, good info, and good news.

If you're going to do it anyway, I would start a LLC and then document the relationship down to the last detail, including EXACTLY what is expected of each person and EXACTLY how the profits would be divided.

Big news hit the mortgage world today.

So contact me if you please.I hear so much negativity in the news and see so much opposite in the real world.