I would consider the proper value of a property to be the inflation adjusted value from about 1998, unless there are other factors.I lived in Houston in the middle 80's when people mailed their keys to the mortgage company.

I have sent a copy of the bill to the tenant for them to pay, but it always comes to be so I can see the balance was paid the previous month.Just my $.02.

The simultaneous drop in home prices means those borrowers are often unable to sell their homes or refinance their way out of trouble.Authorities said the type of transaction McLeod abused can help homeowners if used properly.

As you noted there is little difference in the loan balance during the 1st 5 years if you have IO vs. a 30 year amortized loan.

Elaborate it, so that it can be answered properly.

Mortgage balance at or above FMV?

I have long advocated informing the lender in all installment contracts, wraps and sub-2 transactions.As John mentioned, a properly given notice will keep them from saying they didn't know but more importantly, after a period of time and if a formal objection is not made or notice to accelrate the loan is not made, that may be construed as acceptance of the deal!

You don't want someone else (relative or friend) to enter without proper authority.

If you could direct me to the proper place to post the question about Scott Scheel that would be great.

You are correct, big profits are made from big changes in the market, and certainly SFH's can be part of those big profits if done properly.