The new loan is then paid back by the mortgage holder.

To be official:The IRA participant’s spouse The IRA’s participant’s ancestors and lineal descendants (mother/father/daughter/son) Spouses of the IRA participant’s lineal descendants (son/daughter’s spouse) Fiduciaries of the plan (custodian or trustee) Investment managers and advisors Any corporation, partnership, trust, or estate in which the IRA holder has a 50% or greater interest Essentially, the IRS wants to make sure that the IRA holder cannot benefit now from a retirement account they are not eligible to benefit from until retirement age.Hope that makes sense - good luck!

Hi @Lisa Caro, if you are the lender/note holder, no you do not need to register your LLC in that state.

., in Louisiana here the Bank most filed  Suite against the mortgage holder and the property goes to a Sheriff Sale.  

then the EAT (the exchange accommodating title holder set up by the QI) holds the property until you have completed the sale of your old property.  

It should have provisions concerning events of default and how the lender/holder must proceed once default does occur.

I'm guessing that either 1) the note holder had changed their mind as to "market condition" to sell as REO vs. discount at trustee sale, or 2) amounts owed were not settled prior to the sale.

In gen. my advice is dont dabble with 401K money.CheersSunny (CFA charter holder)Originally posted by @Jeff Pollack:@Jason Rowlett, I think your rent is too low.  

Also, if my owner carry back holder would be amicable, would it be possible to switch his first trust deed to the other property?

To get the notes performing again takes a ton of effort by the note holder.