After paying off our private lender and the debt we've accrued to rehab the properties, we'll be left with ~$300,000. 

Interest is accrued at 8% interest-only based on the amount of money checked out at any given time.

I'd definitely call your dept. of health care services or the dept that issued the lien and 1) find out the total amount due on the recorded lien and interest rate (if any) and 2) make sure you find out if there is an open account and if other service charges are accruing that have not yet turned into a lien.

It's kind of depressing looking over a aamortization schedule and seeing just how little equity is accrued with long term financing for the first 5-10 years it's nothing but interest payments basically.

Additionally, it encourages homeowners to pull out whatever little equity they have managed to accrue which effectively means that every time they refinance, they start paying pack almost all interest and never paying down the principle.

Interest accrues until the date of demand or notice depending on the state and the lender simply adds everting up thay they have in the note and enter that as the obligation to be paid (plus costs of filing, clerck of court fees, attorney fees arising from the sale).

You don't really "miss" a month of mortgage payments -- interest is paid *after* it accrues, so the month that you're supposedly missing is just being paid on the first of the following month.So, while technically it's true that you're missing a month of payments this year, that final payment gets paid at the end of the loan, "adding" a month of payments in the final year.

I have been trying to do it "right" and use accrual, but thinking I may be making things harder than they need to be.Even with just a handful of properties, things are quickly spinning out of control with journal entries for accruing property taxes monthly (paid at the end of the year) and insurance (usually pre-paid and then expensed out monthly, but each property seems to be a little bit different).

(THE ORIGINAL FILE CAN BE VIEWED IN THE CLERK OF COURT'S OFFICE)The property will be sold subject to any past due or accruing property taxes, assessments, existing easements and restrictions of record and any other senior encumbrances.This property will be sold subject to the following mortgage(s)/ senior encumbrances: N/AThe successful bidder must pay interim interest from the date of the Sale through date of compliance at the rate of 9.5%.Each successful bidder other than plaintiff at time bid is accepted will be required to deposit with Master as evidence of good faith 5% of bid in cash or certified check at the time of bid.

Then use the HELOC, you may need to take it off the market awhile but your banker may go ahead and make one.A loan from life insurance is nothing more than borrowing the cash value and benefits, from a mutual company additional paid up insurance, from a stock company any stock value accrued, if any.