The bank has changed their down payment requirements on us twice due to errors on their part. 

The seller is just acting like a bank (assuming they own the property free and clear). 

If your using financing the bank requires this.

This poperty in south Jersey looks to be listed as a bank approved short sale at $135k.

She has no involvement in financing so in the eyes of the bank, she's never had a mortgage. 

I would love that bank

Hey Manuel,Sounds like a nice W-2 job that banks will love to lend to....

Because once you have down money, doesn't mean you'll be able to get a bank loan (ask me how I know - that's a whole other problem many investors deal with). 

My areas of experience include: Historic tax creditsHistoric renovationPermitting, building code, etc.Finance, funding projects, bank loansFundraising, structuring projectsProperty management and maintenance (using technology)Urban developmentFeel free to connect with me directly if I can help you!

Loans do tend not to happen by accident under tax law - the courts like to see notes, collateral, and a list of other "bank-like" arrangements for a vague transaction to be viewed as a loan.Contribution via a personal credit card buying something for the IRA.....muddies things up a bit.