@Anthony WickAs soon as I heard that I’d notify them the insurance company prohibits pitbulls .

If balances are higher then shown, then Seller’s proceeds will be reduced accordingly.II.IF CHECKED SUBJECT TO/DUE-ON-SALE ACKNOWLEDGEMENT APPLIES: Buyer have entered in to a certain Purchase and Sales Agreement date herewith, the parties fully understand, acknowledge and agree as follows: 1.Seller and Buyer are fully aware that the Mortgage(s)/Deeds of Trust securing the property Described in Section I contain(s) provisions prohibiting the transfer of any interest in the property without satisfying the principal balance remaining on the underlying Loan(s) and/or obtaining the Lender’s prior written consent (i.e., a “Due-on-Sale” Clause), and that this transaction may violate said Mortgage(s). 2.Seller specifically understands that the Loan Payment(s) will be paid on a monthly basis by Buyer, and that the Loan(s) will NOT be assumed or paid off completely at Closing, and that the Loan(s) and Loan Payments will remain in Seller’s name and may continue to appear on Seller’s credit report. 3.Seller and Buyer execute this disclosure form after having had the opportunity to seek legal counsel as to the legal and financial implications of the Due-on-Sale Clause included in the Mortgage(s)/Deed(s) of Trust.

Seller and Buyer are fully aware that the Mortgage(s)/Deeds of Trust securing the property Described in Section I contain(s) provisions prohibiting the transfer of any interest in the property without satisfying the principal balance remaining on the underlying Loan(s) and/or obtaining the Lender’s prior written consent (i.e., a “Due-on-Sale” Clause), and that this transaction may violate said Mortgage(s). 2.

@SamCravenI gave bandit signs a try once, I think our ordinances prohibit it or at least limit it to just the weekend, it's been awhile.

I really prefer to send the mailings myself, but it's cost prohibitive to so since it is an additional 33% just to have the ability for me to do some QC and to mail it myself.

Unless there's something in the terms that prohibits her from doing so, there could be some significant tax implications when you get a $290k check that you weren't necessarily expecting.

I wanted to make sure this wasn't a prohibited transaction.

It is not difficult to avoid prohibited transactions, just don't get into business with family!

@ethan Zook @Ethan ZookundefinedYes you can do it but it would be a prohibited transaction and not advisable. 

The main thing to avoid is prohibited transactions with disqualified persons (basically certain family members or business partners can not lend you the funds) Receiving private lending can be difficult in the beginning first you need to find private lenders.