You really need to verify the purchase price as seller financing has no appraisal requirements which is how over priced properties are sold.You also need to ensure investors are compliant with laws, like using a mortgage originator or attorney to underwrite the deal not just preparing a note.

They, association board, claim that there are very few players who use the court and that this was verified by a recent owner's survey.

Or at least only pay as work gets done and you have verified each stage of completion; do not pay before the work is done.If you don't have someone in the area you trust, and if you will at least break even on the property if you sell now, I'd say dump it and get out.

I wish we had done an estopel (sp) agreement verifying the lease terms at the time.

They will look at your previous years tax returns to verify income.

I believe this is to verify legal ownership of the property.

John,Have him to show proof, and you verify.

Lets pull @Steven Hamilton II in here to verify.

As far as I know, only one of the tenents is rent assisted and that is from the local rescue mission...I don't believe any of them are Section 8 or HUD assisted, but will verify that.

The IRS is closed which affects lenders’ ability to verify borrowers’ income via a 4506, a necessary step now in most conventional mortgage lending.