Having reviewed her credit report with her, she, in 26 years of credit history, had NEVER missed a payment and had ALWAYS paid more than the minimum on her balances.

Once that is achieved you can pursue growing your net worth on your balance sheet with much less pressure.

I would love your take on how to prioritize this list balancing the need to not invest too much $$ now, but balancing what will give us an ROI on our improvement.

It is listed as a short sale opportunity, but the mortgage balance is $182K.

Does it stay balanced through the year or are certain months slow for that type of profession??

Interest accumulated on the outstanding balance only.

If the balance in that account is too much, they can't credit back to that account.....they cut you a check or apply it to the loan amount, usually a check back to you.

A Mortgagee is only entitled to the balance due based on the mortgage/deed of trust and note.

If the property is decent, we've usually gotten say 5 -10 year with 30 year amortization.You can do all the research you want, but don't know where the Treasury will be in 5 years.4.5% is a solid rate, especially for the loan amount, but again, it's finding a balance between rate and term/amortization.Step Down Pre-pay is normal.

She had no clue and I told her we would make up the back payments, stop the foreclosure and buy the property for the loan balance.