Since the there was ample security, the loan turned out to be non-recourse, which meant MS could not pursue borrower for a repayment due to a default.

If a property sold at a later date for more than the original amount, the deffered amount would be to offset losses and repay the taxpayer.

Every area is unique, make sure you research, research,research.

I own other property that will secure the loan, and will repay teh principal in 90 days.

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It sounds as though J Scott obtained one as well but it doesn't guarantee repayment if they declare no assets.Is declaration actually investigated or just word of mouth taken as testimoy since it is applicable to a court proceeding?

Have him make you a loan which you could use as down payment on a property or for repairs.You can offer to pay him interest on this loan which you would re-pay when you sell the house or re-finance it.

With no fiscal responsibility in Washington, the possibility of Cap and Trade passing, as well as Health care and every other entitlement program they can think of...I feel our problem is very unique.

What's unique about selling to an investor that can't be done by an addendum?

Question 2: I'm also guessing that the seller put a lien on the home until I make the final payment and completely repay him.