I would like to keep the house, but I’m not sure if is a deal :( The mortgage company says that the remaining loan is $93,566.17, and they are behind 16 payments.

However, we are completely satisfied and extremely happy with this decision; their business model and software is most excellent!

The terms, I/O are okay in a commercial loan, but not a good idea unless you can pay it down for a loan at any time, don't think appreciation will get your LTV there.Make sure you run it by an attorney and ensure the "use of funds" remains for a commercial purpose. :)

He said he would be willing to sell it for $200k which is also the value of the remaining lien on the property.

If it's not agreeable - and she must sign the primary lease - I'd just like to have written agreement that she could vacate the property at any time and Sam & I would remain on the lease and complete our term."

Whatever agreements are in place at closing remain in place until they are fulfilled.

Fleas remain.

This mortgagee would actually be in third position according to your plan, not second. 1st Mortgage is original lender that was not satisfied and is the superior party in the Subject To. 2nd Mortgage is the property owner who you asked to finance the sale of the property. 3rd Mortgage is the other party who lends the difference.Perhaps you are trying to roll these positions into one with the idea of AITD, however they are still separate positions in title, are they?

I have had the opportunity to watch my wife deal with these situation for the better part of 16-yrs and remain amazed how she does it.

buyer's attorney says that he will not issue new title insurance because a mortgage from 2 owners BEFORE the foreclosure had a mortgage that was never satisfied of record.