I wanted to see your photos, but it looks like your web page has expired. 

If there is a 1st note already this is the 2nd, otherwise if property has no note, then HELOC is the 1st.LOC -> no closing costs and credit is secured by the value of the property based on what amount the lender will lend.

Sounds to me like you can probably keep the security deposit.  

Lots of back-scratching going on there while playing with taxpayer dollars.The bottom line is that many of these owners are billionaires and the ones who aren't are part of large ownership groups who certainly should have enough pooled assets to secure financing for a new stadium.

So I studied and studied but didn't get going until I found a way to join REI with social responsibility.For me that means owning affording senior housing: assisted living units someone living only on social security could afford.Not the bigger bucks I could earn by owning expensive AL, but now I am excited and making things happen.

Welcome to BP it's more than a web site it's more like a team whit 1 goal and different ways of obtaining !! 

From the current FNME Selling Guide.If the mortgage being delivered to Fannie Mae is secured by the borrower’s principal residence, there are no limitations on the number of properties that the borrower can currently be financing.  

If the answer is no - for safety & security reasons, not just because you are too snooty - then maybe the property isn't for you (or at least wouldn't be for me).

John -- why would you want to buy bonds that carry "political risk" when you can invest in Notes that earn 8% to 15% per year, and they're secured by a first lien on the real estate itself?  

You will probably need two documents: a Promissory Note which describes the terms of the loan and a Mortgage which is filed with the County clerk to secure your lender's interest in the property and which will allow them to sell it if you fail to make the payments.