Remember, there are laws surrounding lending money these days, and that argument could lean in your favor.

Either that or to advance an agenda that would be in favor of the author.

If a person was in debt, not only are you saving them pretty much, but the end buyer is actually doing them a favor, if anything he doesn't even have to let them stay in the house, it's more of a courtesy more than anything if you ask me, doesn't make sense......

I wouldn't be surprised at all if you got rid of the mortgage interest deduction on second/vacation homes, but I would be very surprised if they got rid of the deduction for primary residences.That said, this is the reason why many investor recommend not factoring in the tax benefits of real estate into you financial analysis of a investment -- you never know when the tax rules are going to change, and generally speaking, it's not going to be in the investor's favor...

This is a good property if the numbers work so I am not ready to walk.I also wonder if this lack of cooperation on the seller's part might work in my favor in terms of renegotiating a much better deal near the end of the feasiblity period.Experienced input is greatly appreciated!!

Basically, it is a hearing to determine validity of the mortgagee's claim on non-payment by the borrower, which if favors the mortgagee, turns out to be a judgment against the borrower, which results in foreclosure officially beginning.

I've kept them in my name because it's easier for me to get favorable financing terms.

It certainly favors the young investor since we are more likely to be single and willing to rough it.

I would look to cut down on the Realtor/marketing cost by becoming a Realtor and going with a broker who does (at least) 70/30 your favor.

You want to always stack the cards in your favor.