The whole problem at this point is that you can't afford the mortgage payment.

A third, and another one you really need to be aware of, and may not be able to find out a whole lot about is an empty reserve fund, that will have to be filled, and maybe suddenly, to fund necessary repairs and maintenance.Before you do anything, google homeowner association forums to discover some of the problems some homeowners across the country are facing.

After the class a student approached me and said that she is so frustrated with this whole real estate game because she is so overwhelmed with the process that she doesn't know where to start, or what she should be doing day by day.

I hope we can help you to achieve your goals!

Hard money and seller financing are two options for those that are credit impaired.Now obviously improving your credit should be an extremely high priority, because money gets a whole lot cheaper when you have good credit, good assets, and a good track record, but I wouldn't let bad credit stop you.I personally am the type of person to figure out what I want to do, and then figure out the way to do it.

It wasn't going to help me achieve the goals I nor live life the way I want.I tried some alternatives for a couple years and that really didn't work.

The whole purpose of a lease-option is to allow a buyer to build equity as they don't have a lump sum for a down payment, they won't have it at settlement either in most cases.And as John mentioned above, the Trust will need to sell the property.I believe SC has established a special Land Trust statute and while the "Land Trust" may be a marketing issues, a trust may be established in any state to hold real estate.

With the right ambition, you can achieve your goals.Just my 2cents.

do i need a whole different contract or assigning or do i use the same contract?

- As a mortgage professional, how do you think this new governance will effect your business (assuming that this bill achieves national acceptance)?