There should be an instrument to protect all the parties involved.

Max income say $800 a month```````````````````````````Seller Financing is a note plus mortgage security instrument. 

Separately, if one spouse is granted sole use of the home under a divorce instrument (essentially divorce decrees, separation agreements), such spouse's use of the home is attributed to the other spouse to determine if the use requirement has been satisfied.

3) The attorney then has the buyer sign all the documentation for the promissory note and the security instrument. 4) At the end of the closing the seller usually leaves with a check and the buyer leaves with a bunch of papers saying he now owns an equitable interest in a piece of real property located at blah blah blah. 5) The lender is now the beneficiary of this deed of trust but what is the buyer once this deed of trust is created?

A lot of the risk can be mitigated with good due diligence and understanding the laws pertaining the jurisdiction of the subject property and properly enforcing the remedies provided in the security instrument.

Since it is an unsuitable soil, it might be a good option. a geo and struct engineer would be your best bet.

Is the "Mortgage Deed" that you are referring to the instrument by which your seller and the "crack head" acquired record title to the property?

Party A gave a mortgage, that instrument grants legal interest to the Mortgagee in the real property, that is an indivisible interest, which is legally superior to Party B.

I've been reading a lot on housing wire, nasdaq, market watch, and mortgage orb, and it seems a big discussion occurring is whether or not nonbank servicers should have more regulations.Here is what I learnednonbank special servicers wield $1.4 trillion in mortgage servicing rights out of a nearly $10 trillion marketnonbanks use short-term financing to buy servicing rights for troubled mortgage loans that will likely not pay off until difficulties resolve in the long-termInfrastructures might not be able to handle the responsibility of servicing large volumes of mortgage loans17% of the 30 largest mortgage servicers were not banksnonbank special servicers more susceptible to economic downturns that could increase nonperforming loans that require servicer loss mitigationnonbank servicers don't require same capital levels as a large bank lenderreason for standards for banks was deposit insurance and the sense that IDIs could impose risks on taxpayers (not applicable to non-banks)A recent report from Fitch Ratings suggests rise of nonbank servicers threatens private-label residential mortgage-backed securitizations (nonbanks now service 74% of all private-label securities by loan count)higher risk to GSEs buying from nonbanks due to a counterparty that may default on financial obligations (representation and warranty obligations)Elizabeth Warren, instrumental in formation of the CFPB is pushing for study on nonbank servicers.I know there is a variety of different professionals on BP, and I'm trying to understand and, more importantly, weigh all the pros and cons and consequences that would occur if the FHFA were to impose stricter regulations on nonbank servicers.

On the instrumental side I love Vivaldi.