It definately helped me.

But as far as the forum, I definately have questions which i will post after surf through some related threads.

The property has been doing well since November of last year, but it was definately a bumpy and educational start.

The question is meant to be broad to get a variety of responses.

My guess is that the note/contract you signed when you borrowed the money explicitly defined what would happen with money remaining in escrow when the loan was due, so the fact that you don't have access to this money shouldn't be a surprise.Why won't they allow you to extend the loan?

It depends how you define "lead."

The Deed of Trust is the security instrument that defined the trustee and via the D-T power of sale clause, the beneficiary (the lender) is ability to recover in case of borrower default.

This benefit may include proceeds or monies to the seller, but also could be defined as allowing seller or any of their relatives to remain in the property.

The important aspect is what the take-out lender's appraiser will use for comps.If the area has some active "nice" homes for sale, you should be OK; but if the only properties moving are the REO's it will definately impact your ARV.

From my understanding, 'land' could be easily substituted for 'real estate' with no issues as the case relied on Section 1221 in defining what a capital asset is.