John I think that what he was getting at is a change in the law that excludes having to pay taxes on forgiven debt without having to jump through all the hoops and have the IRS manually review your claim of hardship.

You can get title insurance but they will exclude pre-existing liens that are on record (the loan).The documentation process is pretty clear and simple.

Married couples can exclude gains up to $500K on a property they've lived in for two of the last five years.But, as Chops says, it can be a challenge.

This deal is not much money in terms of a loan, so I don't see why you couldn't do it that way, excluding any legal restrictions on the load.I'll let the mortgage experts weigh in on that point.Good Luck,Jason

I believe you also exclude any areas with ceiling height less than 5 feet.Look here for more info.http://homebuying.about.com/od/realestatecareers/ss/square_footage.htm

If there are things you want to exclude then put that in.Lenders are pretty straight.

The problem with the last option is knowing that you have clearly identified the right person and that any agreement is not excluding someone you might not even know is around.Anything is possible and done correct you can be successful.

Maintenance expenses have run a little over 10% (but less than 15%), excluding extraordinary items.

My understanding is that your partners FICO will not go down, but that the loan will be based on your FICO since it's the lower of the two of you.Your partners FICO should not go down as your FICO only goes down one point per 4 inquries. ( excluding shopping for mortgage loans)

Exclude the GC for many reasons and one is his markup on material.