I usually ask for some form the rent roll/rent ledger showing payment history and some form of proof of payment (I'm a bit paranoid) for the last two months (deposit receipts, bank statements, online receipts for payments made online rent portals, etc.) 

I presume you are looking to assume the current loan? 

Sell the existing home and pay off the first $300k loan. 

This debt type would throw economic projections for economists and increase the risk of lending for lenders.Phantom Debt is created when a consumer chooses the Buy Now Pay Later (payment plan) option when making online purchases.These types of payments are not currently reported to any credit agencies as debt which is why they have been given the term "phantom."

At this point I still have not received any additional quarterly payments and have no idea what is going on with any of the loans aside from a very infrequent and vague response form Scott like “one loan has made a few payments and we are working with legal to cancel the contracts on the rest.”

Yet, it brings fees, complications, and loan hurdles.

For context, I do have a decent grasp on the real estate market and financing as I have been a mortgage loan officer for 4 years now.

I have 1 million dollar property with about 500K left on the loan. 

I am seeing a lot of incentives from builders Ahh the dreaded question for a loan officer!

I searched for the similar bill in 2024, but couldn't locate it online.