It's possible to do a short sale without such an affidavit (I did one) but it's not likely with the major banks.If the OPs borrower/seller's mortgage is an upside reverse mortgage guaranteed by HUD, there are no 3rd party or arms-length sales requirements for the buyer.

Does anyone offer a maintenance guarantee (we guarantee to fix the issue within XX hrs or your rent is free till we fix it).Of so, could you please share the verbiage of this policy?

Here is mine (between the =======) -- I sometimes add a "two year" guarantee as well.=============12-26-2011Dear xxx,Thank you for being a tenant here at xxx Main St.

The foreclosure sales and tax sales are ones in which the interest being sold is whatever interest the lender foreclosing has in the property - even thoroughly researching the deed records does not guarantee that you will be getting what you think you are getting.Often times superior leins are missed, previous foreclosures were not properly recorded, missing heirs show up, insufficient notification was given, notification was not given to a party to which it was required, etc.

Keep in mind we are no longer guaranteed steady price appreciation.Ryan

Probably not over the term with the amount of money you have to work with.It gets more complicated if guaranteed annuities are built in or life insurance.

i wouldn't ever feel comfortable guaranteeing a loan for someone else..you may be able to find an investor to lend the money instead of a bank, but it would be a higher rate surely

I was required to have 2 appraisals and they tried to get me to guarantee the roof for three years even though no roof work was done.

You want a service provider who will give you high bandwidth and a guarantee that you can drive fast, uninterrupted.

Yes I can tell you deals are owner financed for a reason.Either they do not want to get hit with stiff taxes owed or they are passing off a property with issues.Owner financing is great especially if you get nothing down and just pay closing costs.As long as you have not signed a personal guarantee,cross collateralization of other assets,or made the loan recourse in another way you can walk away unscathed if things go bad.What you will have is time put into the deal fixing the problems and even with no money down have to ask yourself what the return will be for the time invested fixing the problems.I see many owner finance deals I would not touch with a ten foot pole.They are wanting 20 to 25% down.It's better in that case to pay 30% and drive down the price harder with bank financing.One price - all cashOne price - Bank financeOne price- owner financeOne price- Hybrid of bank and owner held secondSo what a seller will accept and what you will accept and pay vary greatly by the circumstances involved.I will say good luck in finding a bunch of smoking hot deals in seller finance.If they are that low they will go for cash real quick instead.The imputed interest provision is real.Sellers do not want to go below prevailing market loan rates as you can get penalized for doing it.There are many other ways however you can structure the deal once you have the interest rate down as low as possible to add value to your purchase.