Let me give you some friendly advice, if you think you can out smart the system, you're wrong.Lying on a mortgage application is fraud.The ownership of you seller financed house shows up in two place and can be verified in another easily with a phone call.

I think you are definitely taking the smart route by learning from somebody with more experience than yourself.

But don't disparage the smart people who aren't satisfied with those kinds of answers.Thanks to those types of people, you have modern medicine, modern transportation and pretty much every other technological breakthrough this world has ever seen.Again, there is a big analogy between ignorant people and people on welfare...they both look to the rest of us to make their lives better so that they can go through life not realizing what else there is.

Just because you have a property and are able to sell it to some desprite person, doesn't mean you are smart, just smarter than the person you screwed.

As for RICO, have never seen it applied as such.Best advise, it make a smart decision.

This is exactly why a second policy might be the smart way to go with the seller being contractually obligated to step out of the way should anything happen to the house which would require a claim.The issue that I have not yet been able to resolve is how to protect myself in case the bank does execute the Due On Sale clause other than to already have financing in place.However, the closing costs around here on a $50K loan have been quoted to me at upwards of $3,500.

Tenants are not smart enough to have these complicated things in their rental units!!!

Seems like this dog could teach the supposed "Blue Dogs" a new trick.

http://www.youtube.com/watch?v=XivhwO_zWWg

That because they didn't buy smart, not because they bought in California.

It's not like television at all.I hope none of you ever have to go through what he went through.Sure, you can be a cowboy legend in your own mind and talk all the smack about how you could handle yourself in a similar situation, but until you have been tested....it's all talk.