An example, if you're wanting seller financing you might consider particial releases as you pay it down. :)

David Littleton Transactional funders typically do not require "non-refundable" EMD for back-to-back fundings, but typically do require somewhat larger amounts for extended term fundings, such as for 30 or more day holding requirements imposed by banks when they are the seller or are approving a short sale.

I'd like to extend this post to those in Elk Grove, Carmichael, Citrus Heights, and Orangevale as well - all potential locales for our first flip.

this was one of my first posts and cant express how surprised, and grateful i am, at the quick and helpful responses.i have a phone interview today at 4pm for Freedom Mentor's program (Phil Pustejovski). although, im reconsidering signing up, and taking your guys' advice; ill extend them the courtesy and hear them out, and make sure im not missing anything.

But it might be that the lower payment is due to extending the payoff period overall for the entire bunch.Now, it might make sense if you were going to buy more rentals with the proceeds of the refi - but that's a separate discussion.

Yes, you can and in fact should, give a release of the option to the title company to escrow or your attorney, not the seller.

The house is 2675 sq. ft.The current renter might extend another one or two years at the end of depending upon their job situation.

The article also goes on to say (although they also do this in the negative) that 40-50% of those who are foreclosed on don't lose their homes because they're able to sell or refinance.The real number that matters is mentioned at the very bottom of the article.A new government report released Wednesday found that among mortgages held by Bank of America, Citigroup Inc. and seven other large banks, foreclosures climbed to 1.23 percent of all loans in March from 0.9 percent in October.Keep in mind that, of that 1.23% about half will cure the default no harm no foul.Again, not good for a lot of folks, but the sky is really not falling.

One great strategy is to check DOM and see which properties are languishing on the market for extended periods of time.

Budgeted for 6 months so far but would like to extend out indefinitely.