Just a thought that went through my mind, if your parents die do their debts carry on to the children?

The loan will be under the minimum loan amount for all the banks doing non-recourse loans.Lineal descendants or ancestors like parents/grandparents or children are disqualified persons and borrowing from them would constitute a prohibited transaction.Brothers and sisters are not disqualified parties and therefore borrowing from them does not constitute a prohibited transaction.Check out IRS publication 590.

I am not an attorney but my thought is this:Something happens: let's say you inadvertently run a school bus filled with children off the road.

We have two children, a son 22 and a daughter 17.

Are there minor or grown children living with her ?

:)I've actually seen it before but with the children of the decedent.

One of the children of the original owners lives nearby and informed them of the foreclosure status.

Young adult children cost a lot of money compared to ages 1-18.

This is a tough situation, but if Mabel called me off of my marketing, I would have gone to her children to see what i could do to help, as this was obviously a tough situation before the investor got involved.more details:http://www.wcnc.com/news/local/5000-for-a-house-in-Dilworth-199877651.html

John, September is usually good for me.School start only matters to people with school age children.