In my opinion, the correct answer to your question is NO, there is not an estimate to safely use for general purpose.

The owner was upside down at that value, but I was able to find people willing to agree on a mutually agreed value of 235k for purposes of an equity share because the 30 year fixed mortgage had monthly payments they could afford.

Loans made for business purposes only are exempt from usury laws but must be made to a business entity or trus and not an individual.

Here is my supporting example: if the loan is secured by a non-owner occupied property and the money is used for a family, personal or household purpose (family vacation for example) it is covered by SAFE, conversely, if the loan is secured by a owner occupied property and the money is used for other than family, personal or household use (fix and flip rehab for example) it is not covered by SAFE.

If the former, I wouldn't worry about it, but make sure that your offer either includes an inspection contingency or a general purpose option period during which you can back out for minimal cost should you find surprises.

The purpose of both is to seek truly motivated parties.

Not sure who is watching the store at HUD.I do not mind when an owner gets these properties, thats the purpose of the waiting period, but when the property goes to a flipper under false pretenses it can get frustrating.

Now I am selling them and selling them for break even to small loss's but they served the purpose.

On form 6252 Is $65k the purchase price and $85 the sale price and you continue to use the installment sale method for tax purposes?

Deceptive commercial email also is subject to laws banning false or misleading advertising.Additional fines are provided for commercial emailers who not only violate the rules described above, but also:- "harvest" email addresses from Web sites or Web services that have published a notice prohibiting the transfer of email addresses for the purpose of sending emailScraping our emails is a simple violation of our Terms of Service, so the "Harvesting" of our emails is a plain violation of decorum, and possibly, of the law.For fun, I decided to check my junk mail for the people behind this email and found that each of the 5 email addresses have been getting messages for each of the last three days about this webinar.I'm not 100% certain that this Cameron Dunlop is behind these emails, but a google search of "1 day dough" pulls up his website and I found pitches for this program on other REI sites, so it wouldn't be a stretch to assume that his people are behind these emails.I try to judge people by the way they act . . . while I don't know ANYTHING about the content of these seminars or the people behind them (other then what I've seen online), these tactics have caused me to NEVER want anything to do with them.Judge for yourselves . . . .