Essentially, the mortgagor must secure the funds necessary to repay in full the mortgage(s)/liens.   

It was a deal with " special" circumstances and unique challenges.

@Andrew DunhamNot that my advice would be early loan repayment, but I think if you do decide to go that route then which loan to pay off early really depends on the rate and remaining life of the loan, and not the overall size of the loan, if you're looking at reducing your monthly debt payments.  

BobI believe you are referring to the "Ability to Repay" and Reg Z changes to guidelines outlined in the Dodd-Frank legislation. 

It offers up it's own set of unique challenges. 

One thing that make Sam Dogen very unique is that he has a holistic view of investments from real estate, financial markets, and small businesses. 95% of the financials advisors out there do not have a strong understanding of real estate and 95% of real estate brokers including commercial brokers, do not have strong understanding of the financial markets and economics.

I would simply put loan to be $10k and repayment to be $11k on or before a 12 month time period.  

Probate is a legal document.Spec is short for speculative.Spec houses is a custom home on a site built from a unique set of plans for a specific client.REO is Real Estate OwnedI'm looking forward to being one of your accountability partners.                               

They have a repayment period and aren't usually as favorable as a mortgage. 

Our market on Oahu is very unique in that the housing market is very tight with few vacancies and properties that do not have to compete as fiercely as compared to markets which experience high vacancies.