However, in 2007, that HELOC had been increased to $569K.In reading the file, the 2nd mortgage lender, who is referred to as defendant/counterplaintiff is definitely the one pushing the case forward.

Since I accidentally pushed the vote button on someone else's post, I was worried.

All that is going on here is a guru ploy (I don't know the guru who devised this initially that started this as an investor strategy, but I'm sure it was a guru) that devises a contract to assign instead of a listing agreement, changing different types of contracts but effecting the same thing won't wash in many areas, like mine at some point.Assigning contracts is not new nor is it illegal.

Someone will need to pay the difference, I've never seen an even trade.A big tax advanatage can be had doing two sales, being close to what fmv might be, if you agree to sell for 85 instead of 100 and I agree to sell for 75 intead of 90, it all washes out, but trades or closely related sales need to fall into that fair market value range.

Another term we use in wholesaling is "Pushing paper or Flipping contracts".

Unless you know the seller's motivation and know which button is the right one to push, it's hard to convince someone to sell you a property at a discounted price.

As long as it pushes the deal through and I can still make a profit then so be it.

just for the record. if it seems that the media and Hollywood is overwhelmingly Liberal, it was planned that way. for the most part if you want a job in that industry you have to push the Liberal agenda and walk and talk it outwardly even if you disagree with it. the reason for this is because of the political agendas of those who own the big companies in the industry and the puppets they choose to hire. the good news is that most of these big and expensive companies are going out of business due to the internet. due to cheaper technology, entertainment and media is a free for all. if you want to start the next CNN or myspace or anything you can dream of...

I decided I wanted to be different and have more control over my life.One thing I have learned is that you will always have people who are waiting for you to fail and can give you a million reasons why something wont work but this is where you have to dig in deep and push onward.

In the scenario you posted with a $1,000 rent monthly and a total PITI expense of $750 then the mortgage cost would be a "wash" and you would see a net impact to your debt to income ratios of $0.00.