First, let's be very clear here.The mortgage your speaking of is a private agreement between the seller and the lender.

However, our tenant turned out to be problematic—late payments, issues that led to an eviction, and additional repair costs before we could relist the property for sale.Now, after months of making mortgage payments out of pocket, we finally have an offer.

Since part of your home is a rental, you can deduct a portion of expenses like mortgage interest, property taxes, and utilities.

I would recommend shopping around, especially with a local mortgage broker.

Send me your site in private and I will evaluate it so everyone can learn from this, if that is OK with you?

Through the LLC structure it is possible to take advantage of the existing mortgages modified first at 4,125% 22yers and 1%, yes one percent, for 40 years.

If you aren’t saving the money up to buy another property chances are nothing will pay a higher rate than paying it towards your mortgage.

They are on a big push to get back in the game though, have you seen their recent ads stressing that they only list private homes?

I walked to the house and met a man who says he was cleaning out due to the loss of their mother in some few weeks back.The guy told me she is  left with 12 years mortgage on the property to pay the bank.

If she went to buy a house and applied for a mortgage, I think the lender would say the same thing aka you don't qualify until you get this removed from the credit report.