A CFD is a financing arrangement with a security interest in the property.You may have to foreclose you can't get a quit claim deed at time of the agreement as in the old days, so I suggest you do a note and deed of trust that allows a non-judicial process, otherwise you may need to go to court.A note and DOT also makes insurance and taxes easier.I see the old CFDs falling out of favor, especially for a sold property without an underlying mortgage.A CFD may be more appropriate for a property that has a bank loan existing, but a sub-2 would be more favorable.

If the borrower has no equity, due to its termination, there is no grounds to favor the borrower, I would think.

Still considered green on the site, but was I'm hoping some of you would be willing to help me with introductions to investors specializing whole selling in the Chicago area.Hope to return the favor in the future!

Investors should do themselves a favor by learning relevant tax accounting even if they hire CPAs to do the actual returns.

I guess to answer your question, the average rehabber may not, BUT a more experienced rehabber should contribute to creating more favorable conditions making the whole project worth it.Sounds like a great project!

Actually she's looking for a deal where both her and the lender wins(she receives the money for the condo purchase and the lender establishes a loan with her that's favorable to them).

Yes, contracts usually favor one party to an extent, it would be hard to completely be in the center.

I feel if you can get a Better rehab cost out of it you might be better suited for a favorable deal

If the place has a board of directors I would take that to them and mention that you would be happy to return the favor of access should they need to get on your property to maintain theirs.

But again, the due on sale clause is still in the lender's favor.