In that case we don't have the same issues as we do in funding a cash loan taking collateral.From a risk standpoint that a lender will assess, a seller has been the owner of the property, they are aware of ownership issues, they may receive the property and there is no obligation, unless unique by state law, to resell the collateral and pay the debt outstanding as there is with a cash loan by a lender.

I suppose that is more a function of risk assessment.

If the borrower does not pay the debt service before the grace period expires, customary late fees will be assessed.

You can get information such as property records, property characteristics, comparable sales data, tax assessments and more from tax assessors and county recorders offices across the nation.  

My county tax assessment lists the same value that's on Redfin.

Spoke with dozens of underwriters.

He's in Mclean VA. 703-288-1926 He's done dozens of closings for me, provided simple contracts, and given lots of advice.Mark Simon: Village Title in Gaithersburg MD.

I think that I would eventually move into this unit within 4-6 yrs, for a summer home.Other than appliances, hvac and special assessments, what should My concerns be?

Investment advisers/brokers that handle the traditional stock investments are a dime a dozen, but I was curious if some actually work in the real estate arena.When I say "investment adviser/broker" I'm talking about someone who helps you find the right investments for your goals and then you choose which ones they come up with and they execute them for you.That's what I'm looking for.

A lot are coming in well below.Unfortunately you are out of luck if you want an accurate assessment of the value of a property these days.