Furthermore, due to underwriting guidelines with respect to financing a condo, it can be damn near impossible to get them financed due to occupancy requirements in the building.

I work on unmanned aerial vehicles, which will directly be used to engage the enemy and keep our nation on the offensive with respect to terrorist cells.Our strategy certainly hasn't been perfect, but what is the alternative?

If you admire and respect his finacial position then great(I admire his position, and hope to be in a similar position too).

A true win-win relationship based on respect and trust.

I guess you'd have to structure this in such a way that if the short position moves against you, you're still breaking even net-net.With respect to Bill's comment, I see where he's coming from, although I don't think there's any harm in trying to figure out how to create synthetic fixed-rate debt from floating.

I do understand that the bank has a right to ask for full payment when property they hold the note on is sold and I am guessing that the best way to make this deal go through is to make sure that the bank is unaware that any transaction has taken place.With respect to an exit strategy, this would be a primary residence, even though if the technique works I might consider adding in a few investment properties as well.I'll read up on the Subject To deal mechanism and see if I can't come back with a few more educated questions.Again, thank you both,Ken

All hard money lenders are different in respect to their terms, points, interest rates etc..

Tell me what you think:New custom home by well established and respected builder is going to foreclosure 9/1.

The Congress shall have power to lay and collect taxes, duties, imposts and excises, to pay the debts and and general welfare of the United States; but all duties, imposts and excises shall be uniform throughout the United States;To borrow money on the credit of the United States;To regulate commerce with foreign nations, and among the several states, and with the Indian tribes;To establish a uniform rule of naturalization, and uniform laws on the subject of bankruptcies throughout the United States;To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures;To provide for the punishment of counterfeiting the securities and current coin of the United States;To establish post offices and post roads;To promote the progress of science and useful arts, by securing for limited times to authors and inventors the exclusive right to their respective writings and discoveries;To constitute tribunals inferior to the Supreme Court;To define and punish piracies and felonies committed on the high seas, and offenses against the law of nations;To declare war, grant letters of marque and reprisal, and make rules concerning captures on land and water;To raise and support armies, but no appropriation of money to that use shall be for a longer term than two years;To provide and maintain a navy;To make rules for the government and regulation of the land and naval forces;To provide for calling forth the militia to execute the laws of the union, suppress insurrections and repel invasions;To provide for organizing, arming, and disciplining, the militia, and for governing such part of them as may be employed in the service of the United States, reserving to the states respectively, the appointment of the officers, and the authority of training the militia according to the discipline prescribed by Congress;To exercise exclusive legislation in all cases whatsoever, over such District (not exceeding ten miles square) as may, by cession of particular states, and the acceptance of Congress, become the seat of the government of the United States, and to exercise like authority over all places purchased by the consent of the legislature of the state in which the same shall be, for the erection of forts, magazines, arsenals, dockyards, and other needful buildings;--AndTo make all laws which shall be necessary and proper for carrying into execution the foregoing powers, and all other powers vested by this Constitution in the government of the United States, or in any department or officer thereof.

Mike, I'm sure , and correct me if I'm wrong, that you are a religious man, and I respect that.