It seems more reasonable that you would foreclose and be the first to collect on your money, then the mortgage holder could seek repayment from whatever equity is left.

This is where your Unique Selling Proposition comes in.

The 2nd did accept a payoff for $1K provided the seller signed a repayment plan for $4.5K w/ no interest.

I think the only way to do this properly and legally is to show his incoming funds as a "loan" to the LLC, and then when you repay him, you're just paying an expense.

LOLThe forums present a unique opportunity to bring an unbiased opinion, free of any commercial expectation to assist those who need assistance in any real estate matter.I have not really been to the articles in a long time.

I still use newspapers when I have an open house for a unique property.

When an irregular expense happens (new roof, new furnace, damage in excess of the security deposit, etc), they consider that a unique event (like a tornado or other act of God) and it's off budget.

Yes - GENTLY putting cash in the hands of the consumer and its employers would lessen the effect of a fiscal reset which HAD to happen once the Gov't forced Lenders to lend to those who simply could never repay.

Unless you buy a home in Europe, most home in USA are not unique, they all look the same so keep looking and you will find the perfect home for the perfect house.

I used to copy others but I found your own unique design works best.