Is seller finacing consider a down payment for non-occupied loans?

The loss was so high to the lender that it had to go up that many levels so a verbal "I can approve it but we need to wait for other signatures" does not mean a done deal.

These are essentially Pre-Foreclosures (Properties Pending Sale due to Delinquent or Non-Payment of Mortgages).

The HUD site also had a note stating that it needed more that $5000 in repairs therefore was FHA non-insurable.

They want both sides of the commission so they will call their buyers who are non-agents.4.

Also, when you say that it needs bathrooms, are they just demolished to the studs or non-existent?

I'm new to the group and new to owning non-condo rentals.

The loan is a non-issue, but as you can see from this case, the deal itself still holds some weight, though ultimately insignificant, as the guy got off.

-gave a verbal and a written notice to LLon 9/24/07 that we do not agree to the terms of the new lease and that we would be moving out 10/31/07.

.- The LLC, which has no credit history because it is new, gets a loan based purely on Mike's credit score and history, since Joe's is bad / non-existant.- The LLC is listed on the title- The LLC's partnership agreement essentially states that all income and expenses related to the property are Mike's responsibility.- "Income" includes all gross receipts generated by the property ($1,000 pm)- "Expenses" could then include mortgage and running costs ($800 pm) in addition to a $200 "management" expense (or similar) to Joe.- In effect, Mike's net Tax obligation would be zero (until the property was sold), and Joe would get an income of $200 per month.