WOULD A 5 YEAR BALLOON BE WISE FOR THE SELLER WHO IS RETIRED AND HAS NO OTHER INCOME EXCEPT SOCIAL SECURITY?

This site and community are worth their weights in gold.Since joining BP I can attest to the fact that my REI knowledge and skills have increased tremendously, coupled with the fact that I am being interactive with like minded individuals who are focused and excited about the success of others.BP and its community are here to stay and will continue to be a model for others to emulate.It clearly shows that persistence, hard work and dedication can certainly bear fruit in the building and expansion of a purpose driven platform without spam and other distractions.320,000 members and counting are a testament to the demand for an active and serious community driven REI site.Great job @Joshua Dorkin, @Brandon Turner, as well as the rest of the supporting team and of course the BP community!

This has a few advantages including much less cash out-of-pocket, no need to secure financing, etc..My question is:  if the seller is willing to let you take over their loan, what are the analytics to generate the total offer you make them?  

If you go big enough, going to a C corp may become better.An S corp has quarterly tax filing requirements, files its own tax returnThe owner needs to take a salary (and pay social security & medicare tax), etc. 

Not to mention the challenge banks face with cyber security.

Back during my days in the navy, financial troubles was a ticket to loosing one's security clearance and bankruptcy could possibly mean a discharge.

Her behavior made us decide to offer her the entire security deposit back if she and her family would vacate the premises by the weekend and find a house that suited them better.

Get him to sign a release of possession form before you give back his security.

They ran the loan like a personal loan, and in the end, the loan was made to two of the four members with the LLC guaranting the loan and executing the security interest. 

A foreclosure is the forced sale of an asset in order to liquidated the security.