I bought one there and am happy with it, although I now have a couple interested parties to purchase it.

Here in NJ we have what's called 'Operation of Law' which basically states that (generally speaking) if more than 2 years have passed since the Mother's death, then title automatically passes to the next of kin (if intestate) or beneficiaries in the will (if testate, and this part is an assumption).

Hi Page -- Just a few quick thoughts:First, I would not pass along an analysis prepared by a third party, especially someone who might have an interest not entirely in concert with yours.

Instead of attempting to keep a borrower on the constant edge of failure and earning less, it's actually more profitable in the long run to advance your borrower more like a partner than a servant.Many borrowers also assume they can't get conventional financing, while I know some HMLs point them in the right direction, I'm sure there are just as many who would allow that borrower to continue thinking that the HML is his only hope.With that, if HMLs were to address a better standard of ethical and moral conduct thier public standing would certainly improve, being known as a specialty lender than a "hard money" loan shark.

can someone tell me what does GRM stand for?

You might say I want 3 years of owner finance and I will cash you out. then take this deal and sell it to a 3rd party for 5k down;)

Part of that price is land and part is improvements.

Basically, after six months, I can rent the property to a third party.

Welcome to the party Ben enjoy yourself.

I will say some policies you can name multiple parties on the insurance but.