Changing layouts?

Now how do the costs lay out?   

.- Money that you can fully source and paper-trail, such as by lining a $155,322.58 deposit up with a settlement statement from a home you sold that netted you $155,322.58. - Borrowed money that is secured by an asset, most commonly real estate.

@Bryan Clark Hey Bryan, on paper this looks like a decent deal.

This will improve the kitchen layout.

Everything being equal, this appears on paper to be an outstanding investment opportunity, based on what you shared.

Here again, it's normally country banks sitting on a lot of money that they don't need right away.Looks like the common thread here is looking for folks selling that don't need the money, or banks with too much money laying around, they are happy taking a piece of paper from you, i.e. the mortgage note.

Also, if there is debt forgiveness as part of the equation, the paper loss from that could potentially offset some or all of the the "gain" from the mod. 

Regarding paper work, get the owner to sign a purchase contract with you, you then have your buyer sign an assignment contract.

http://www.nber.org/papers/w12331.