This often provides a high and relatively safe return for the lender and allows borrowers to quickly and easily obtain funding, while also having a say in the negotiation of the terms (points, interest, timeframe, etc).    

@Steve Hodgdon has a business related to non-re debt collections

Hey everyone, I have a couple of questions as it relates to DTI. 

However, remember that if you really have interest in the property, you can always get back to the seller and ask for more data. 

Another fear of mine is that he knows there are too many non related people living in the house at one time and the decrease the number of occupants after I have made the deal will drop my ROI and it will have been a poor deal. 

But $651 would not satisfy the loan and release the lien, as there is a prepayment penalty, and I have a faxed official pay off quote from them that's in the mid 700K's.The attorney who arranged the modification has not returned my calls, so I'm really not sure how the principal grew, but I'm guessing it is indeed a penalty, or related to the terrible terms of the mortgage.So indeed, if there was an overage, it would likely be a small amount of money.I appreciate your suggestion, but that would yield something like 10 - 20K, but I'm still pretty sure there is a way to net 200K - 400K if structured properly. 

It did not need many renovations as it is in a relatively new building, I will put in 15k at most to upgrade kitchen by adding an island and do minor touch ups.

@Jamaal Johnson  realtor is actually  related  of the sellers.  

Low LTV = High EquityThe data I use includes all loan information provided by the county, up to 3 loans, in making the LTV calculation.

I've been using these, they're relatively cheap, good quality and dress up even mediocre cabinetry well.cabinet pulls