The lender will give them the balance due and the per diem rate (interest to accrue for each day beyond the payoff) and the closing agent will compute the amount to the date of settlement.

The banks require I get a W9 from the tenant so that the interest that accrues goes to the tenant (it's not my money after all) for IRS reporting, and I am simply named as an escrow agent on the account title.In a few months I will have some new 12 month tenants, and I will be looking at a master account with sub-accounts for holding the security deposit money to see if I get any advantages with that arrangement.But regardless, I strongly suggest that you do not commingle funds of any other party with your own funds, whether that party is an entity or a tenant.

This is a forebearance issue, accepting future payments after a default.Draft a letter explaining that under the terms of her note that all payments received are applied first to accrued interest and then to principal.

If I was to accrue a pretty decent amount of equity on some investments... lets say over the course of 2 years...

I ended up devising a method that was adopted by Prudential allowing cash values to accrue and future pay premiums with tax deductable dollars at that time, something that farmers and business owners really liked.

If they stay there longer and don't pay, the lender will foreclose eventually, the loan still accrues interest if proceedings did not start.

Or, they may have paid an amount in full from escrow even though the full amount had not yet accrued in escrow, and now that difference will get re-paid.Ask the servicer on the old loan what gives.

If I do not get it rented until early next year can I carry forward my expenses accrued this year?

I will keep looking.The 2010 Florida Statutes Title XLREAL AND PERSONAL PROPERTY Chapter 695 RECORD OF CONVEYANCES OF REAL ESTATE View Entire Chapter 695.01Conveyances to be recorded.—(1)No conveyance, transfer, or mortgage of real property, or of any interest therein, nor any lease for a term of 1 year or longer, shall be good and effectual in law or equity against creditors or subsequent purchasers for a valuable consideration and without notice, unless the same be recorded according to law; nor shall any such instrument made or executed by virtue of any power of attorney be good or effectual in law or in equity against creditors or subsequent purchasers for a valuable consideration and without notice unless the power of attorney be recorded before the accruing of the right of such creditor or subsequent purchaser.(2)Grantees by quitclaim, heretofore or hereafter made, shall be deemed and held to be bona fide purchasers without notice within the meaning of the recording acts.History.—ss. 4, 9, Nov. 15, 1828; RS 1972; GS 2480; RGS 3822; CGL 5698; s. 10, ch. 20954, 1941; s. 8, ch. 85-63.

I am not saying not to buy whole life , I am saying in the early years, at least for the first 10 to 20 years you will not accrue any significant loan value in the policy. for instance: if you put in 200 per month for 10 years after the first year you would have no cash value and very little after the second year.