Needs to sell ASAP for the down payment.Seller asks for 90k for home.Appraised value- $139,000.00Proposed offer to seller- $83,400.00Loan to Value- 60%6 -12 months interest only @10% monthly = 695/mo for 12 months = $8,430.00 $91,740.0012% total accrued + principle = $10,008.00 $93,408.00Rent per room @ 480/mo = 1440/mo-695 = 745Rent per room @ 150/wk = 1800/mo-695 = 1105those high rents and weekly rates will work for this particular deal because...Won’t take loan until 3 renters make commitment.Rental is very close to new steel mill.Workers are paying 199/wk at Value Place 45 minutes away.Seller gets daily offers from prospective renters.Workers work 10-12 hour days 6-7 days a week.

LOL, You better be real familiar with foreclosure proceedings and what you are entitled to.As a note holder, you are entitled only to the par value accrued, the accrued interest, pricipal and allowable fees due the lender.

Since the lump sum goes from the "lender" to the annuitant,(borrower) collateral is taken to ensure repayment up to the amounts accrued and owing as dispersed.

Payment amount less the interest accrued (ie. for 30 days) (all months have 30 days) is the principal application or amount to apply to the loan balance.

This means that interest no longer accrues or accumulates on the principal amount.

The tenant's SSN (from the W9 form) can be attached to their sub-account so that any interest that accrues is credited to that tenant for income tax purposes.

Interest you accrue on life insurance is not deductible and you have to think about the opportunity cost:Option 1: 5% dividend on cash value - Borrow from it at 8% (average for life insurance) - True cost of borrowing is a 3% loss on that money, in simple terms.

The amount of $2,116.49 plus an applicable advertisement fee is required to satisfy certain city, state, and county Fieri Facias for tax, interest and accrued costs for year(s) 2005.The above referenced sale will proceed unless a timely order from a court of competent jurisdiction is obtained stopping or enjoining the Sheriff from conducting the sale.

they are NOT escrowed and were to be paid as accrued.

Since I already have standardized contracts and forms from my lawyer, the only expense I accrue in setting up a L/O Sandwich (no "t" in sandwich by the way) is the marketing to advertise Rent to Own and paying a certified property inspector to do a once over on the house.