You would only have to evict for non-payment but in a owner finance situation you would have to go through foreclosure preceedings which could take a few months.

I believe the interest rate was 7%, which isn't a lot more than a residental lease for a non-owner occupied property.

Keeping the property, has me kinda close in my debt to income ratio (well on paper at least not in reality but that's a whole other story), and with the storm coming that is probably not were I want to be.The only rush we have is the fact that we have a newborn coming, and no nursury, but the reality is that the baby is gonna be in mothers arms non stop for the next 6 months, I spent the first year with our firstborn sleeping on the couch!

Ray does not consider himself a guru and often is referred to as the non-guru.

As a former teacher, I've seen how bad things have become in the past decade, and it isn't going to get better any time soon.I suspect it has more to due with the fact that the quality of grade and high school public educations are on the decline.

But, if the inspector finds something non-obvious, the banks will negotiate.

Will the bank make some sort of public declaration if it decides to auction the property?

Make sure to inform them that if they don't excercise their option to purchase the house, then they lose the option money and the rent credits because they are non-refundable.

I think Obama is a smart man, and clever, but very inexperienced, and that was a grevous error.Announcing publically that the USA will not defend an ally is a terrible political mistake.

The thing to keep an eye out for is public transportation to and from Manhattan.