The insurer I contacted told me I need a social security number to be insured (which I have not, living in France).

PNC secured card is excellent start, put $250 - $500 on and DONT use the card. in 3 - 6 months apply for cap 1 card.additionally figure out if you belong to any credit union, they will accept a letter of explanation in regards to the BK and give a lot more credit than the big banks / card companies.With the knowledge i have from working at a large bank I have helped a couple family and friends go from a bk to a very high 700 score in two years so if you have any other questions pm me.I am not claiming to be an expert but have gone through this twice with people very close to me and they are both in incredible credit standings now.Regards,rob

WOULD A 5 YEAR BALLOON BE WISE FOR THE SELLER WHO IS RETIRED AND HAS NO OTHER INCOME EXCEPT SOCIAL SECURITY?

This site and community are worth their weights in gold.Since joining BP I can attest to the fact that my REI knowledge and skills have increased tremendously, coupled with the fact that I am being interactive with like minded individuals who are focused and excited about the success of others.BP and its community are here to stay and will continue to be a model for others to emulate.It clearly shows that persistence, hard work and dedication can certainly bear fruit in the building and expansion of a purpose driven platform without spam and other distractions.320,000 members and counting are a testament to the demand for an active and serious community driven REI site.Great job @Joshua Dorkin, @Brandon Turner, as well as the rest of the supporting team and of course the BP community!

This has a few advantages including much less cash out-of-pocket, no need to secure financing, etc..My question is:  if the seller is willing to let you take over their loan, what are the analytics to generate the total offer you make them?  

If you go big enough, going to a C corp may become better.An S corp has quarterly tax filing requirements, files its own tax returnThe owner needs to take a salary (and pay social security & medicare tax), etc. 

Not to mention the challenge banks face with cyber security.

Back during my days in the navy, financial troubles was a ticket to loosing one's security clearance and bankruptcy could possibly mean a discharge.

Her behavior made us decide to offer her the entire security deposit back if she and her family would vacate the premises by the weekend and find a house that suited them better.

Get him to sign a release of possession form before you give back his security.