However, most don't have the experience and have very unrealistic pricing expectations.

Make sure there are no past claims to title, liens, or encumberances.

If a second foreclosed, then yes the first would still be in place and would have a claim, but not the foreclosing party.

Depending on with whom you speak, they are simply not going to refinance (knowing we have been trying to remove my ex-partner as a guarantor since January) to the other position of they are going to call the existing note {claiming we are in breach of the terms of the mortgage because they believe the property is a "rooming" house}.

The quit claim deed generally used in the old CFD is also a new issue, to be avoided.

The main reason I believe this occurs in unrealistic expectations.

The one individual I have spoken to thus far claims "for certain loans the home owner needs to enlist the services of an agent" although he has no idea which loan my seller has nor which state the home is in.

If you dont have liability, the umbrella will not pay in the event of a claim.

Yet nobody would claim a bank mortgage is "private money".

To make any agreement that dictates any degree of performance or the ability to avoid any obligation, the contract dictates the intent before the claims or verbal recitals of that party as to their intent to take advantage o f such benefit.