In fact, it's VERY difficult to mortgage an amount below what you are financing because the various fees charged by the mortgage company start to become so high, as a ratio to the amount finance, that usury laws start prohibiting the loans as the mortgage companies will only reduce their fees so much.

I would be violating massachusett's law.

NOtes do not get extinguished and you should never pay anyone or any company upfront to provide a service until that service is completed to your full satisfaction.In fact, I believe such a service would violate new federal and state laws that were passed to protect homeowners (particularly those in short sale stages).

The tax law can often be interpreted incorrectly upon looking up one basic thing.

These people are usually experts in law, REI'ing, taxes, etc.

(Unfortunately doing month to month leases is not allowed where I live due to a special law here)My only rationale for offering the security back was to give them an incentive to return the place undamaged.I don't know whether asking for the two month penalty to get out of the lease is realistic.

Depending on your state laws and the way the contract is written up, the eviction process is exactly the same until the option is exercised.

And you have to be very careful about fair housing laws and credit checks as well.

I don't see it as making a living but stealing and committing fraud disguised as a legal operation.I believe as I am sure you do that they should be prosecuted to the fullest extent of the law and imprisoned for committing such acts.It's simple if you do not perform a service as promised you should not get paid.

I understand that each state governs the laws of business entities so I'm wondering if GA has some material differences between the two?