Some entity is lending the money and they will get a lien against the property to secure the loan.

Just some background on myself, I'm currently a welder but have experience in other fields such as auto mechanics, computer hardware and software, Paint and body.

But it's not required.I did receive a letter saying that the transaction I had described was acknowledged but that the bank was not waiving any rights provided under their security agreement.

Check with your attorney.In my experience, the first thing you need to do is secure the property.

I told my buds that one was a big hitter for (large, Houston based computer company) and the other was a software designer for (big, Houston based software company) and while both had excellent taste in homes and cars neither knew jack about handling money.My buddy said; "well, you may be a slumlord, but at least your slums are on golf courses".

That means you paying for the roof, the hot water system, heating or cooling, secure doors and windows, controlling pests, etc.Evictions have been overturned because of a landlord expecting the tenant to do too much when there was a lease option.John Corey

The mortgage company just cares that you have the money to repay the 2nd mortgage AND that their is equity in the house to secure the 2nd mortgage.If he is recommending that so you can document your self-employment income, that is a different story.

I usually prefer the ones that wedge to the inside and then you also secure the flange to the subfloor with screws.

The software that I use for Blogging is a stripped down version of Wordpress that I get with my real estate website.

I am going to get my securities license so that I don’t have to worry about any violations on a national level, as there are some states that require this type of licensing, that being the case I have a colleague that hold such a license and is willing to act as the broker in the transaction.I have 3 almost 4 years in residential mortgage origination, although, I have moved away from that area of lending since the market collapse.