The seller wants to move forward, and I talked to a local banker about a collateral-based loan as Plan B, just in case the note is called.

they are busy they want to work on loans that will close. with all the dodd frank reporting that us Mortgage bankers have to do behind the scenes you don't realize how much work it is.. we have to do mortgage call reports quarterly and we have account for every application that came in and what we did with them.. so to work on ones that are just so far off and may never close.. don't see how anyone would do this. also keep in mind at least in my experience if they don't qualify now.. high probability they wont in the future especially as rates rise.. 

A mortgage banker can advise you of all the ins and outs and what each lender has to offer.

One of the big issues that I always heard as a banker is "the judge says my spouse is not responsible for the payments".

I'm going off what my banker told me)For example, 6 months ago I bought my first house for $68,500.

The seller is a young retired banker and once I mentioned seller financing, interested him so this will be the first meet. 

You'll need banking connections to be involved in RE. and you'll make RE connections being the banker.

I was told by the bankers that the car note is what is pushing it over the edge.

Charlie Miller @ Freedom Mortgage Gaithersburg, MD and Nancy Allison @ Coldwell Banker Chambersburg, PA and Jennifer Marten Antietam Realty and Property Management in Waynesboro, PA and David Engel with Tower Hill Realty in Gaithersburg, MD and Lee Marsteller with Cole Group in Potomac, MD and DC

Not all bankers are trained on the topic, which can cause confusion and delay in many cases, however.Following are great banks that are familiar with IRA programs.Solera National Bank in Denver, COTitan Bank in Dallas, TXTitan will also lend on a non-recourse basis.Top lenders that may or may not be good for your banking side of the scenario are:First Western Federal Savings in SDNorth American Savings Bank in MO