I would see about getting clarification on the repayment part of it if it is resold.

Having the ability to borrow more than you can afford to repay will hurt your score.

You repay the transactional lender plus fees and walk away with a big paycheck.

… Uniquely American, isn't it?

Remember that every deal is going to be unique, whether working a short sale, foreclosure, flex option, REO, etc.

To be in real estate, it takes a unique person and only those who deal with the ins and outs of what we do understand our "language".

If you are serious about repaying the debt obligations that you took on then you should contact the creditors and negotiate with them directly.

Where many RE agents fail to perform, investors bring a unique skill set to negotiate with lenders and to help protect the sellers.

The house was pledged by the person as repayment of the loan should he default.There is a significant difference in that as the money was not lent to the house but to the person.

The greater the risk thay you will not repay a loan the higher the interest will be if you can qualify for a loan.This is why you want to raise your credit score and thereby lower the risk to the bank.