One has a $60/yr fee, the other doesn't have any fee because of a promotion they were running.Heloc would be far to risky those are the first instruments that are frozen.. unless you get one now and then ever green it right away. but then whats the point..  

So, I am reading, learning and networking my way to building a strong foundation that will be instrumental in allowing my wife and I success.

You should record a Memorandum of Agreement or a similar instrument because that will not only protect the buyer, it will also protect you.  

I believe in paying it forward, as the BP community played an instrumental role in where I am today.I look forward to meeting / connecting with all of you and I will be sharing more frequently :)

My dad was a computer engineer working for Texas Instruments.  

I'm curious if you realize how instrumental Ft.

Jon there are many things I understand in business.. and I can fly an airplane through the clouds on instruments with out the use of the autopilot :).. but I just don't understand this stuff.. its way over my head..

From title commitment stating LEASEHOLD, to the settlement statement (ground rent escrow/prorations), to notice of ground rent in the closing docs, to the instrument of conveyance been a Deed of Assignment... the issue just has to come up.What we do see happen is if the contract states that the property is to be conveyed in fee simple, the seller can be forced to pay for the redemption... but that is almost always discovered prior to closing.

One fun fact about me is that I can play 5 different musical instruments!

The private lender will require the borrower's signature on several disclosures and affidavits, a promissory note and a security instrument.