These can be set up as a "single life" payment, meaning it pays until death, or can be set up for a fixed period.

Everything on a house has a life span and repairs have to be done constantly.In my state, if I have to issue 3 pay or quits in a one year period, I can evict for chronic late payment.

If through the life of the loan, he has never been late, then he can add to that argument that he has never been late before and this hardship posed an extreme circumstance.

They will receive a 30% return annually for three years, which is the life cycle of the project.

Is he trying to just have income for himself or set up some children and or grandchildren for a better life for years to come?

I've read over 30 books and the best lessons learned cam first hand.Call me or email me if you like I love the business though I'm concentrating more on commercial deals these days I still do the residentials to pay monthly expenses.

I also know a couple dozen wholesalers, and they wholesale a couple dozen properties a month…no way...if that's so, do they have a life?

The values wont go up again for another ten years or just posibly never again like it was and as far bad loans thats BS there are guidlines that we follow and the bottom line is that banks dont lose its the borrowers that dont better ther situation or flip there property when borrowers want there cash out we get it or just move on to the next qualified candidate we dont wast our time on loans that dont make cents and some of them dont but they do meet the guidelines they dont teach us about finance in school and most people dont even know the definition of the word mortgage we adopted the word from the french the correct pronusiation is mortier meaning death because of the doutfullness of the dept being payed back most people dont own there home there home owns them statistics say that only 1 out of 100 people will actualy own there home in there life time.

To name a few… Things like; DMV records, credit report records, post office records, drivers license records, address used on tax returns, W-2’s, 1099’s, unemployment claims, hunting and fishing licenses, credit card statements, bank statements, insurance of all sorts; home owners, health, life etc., what your friends, family, neighbors, and employer would tell someone asking about where you live.

Every once in a while in life, when you “zig” instead of “zag” it works out...Glad you are here… See you around!