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

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.

  :)And there are companies here in Oregon and Wa that hook up with RE brokers , ( these companies are HML) they track all the sales have a very sophisticated software system. they bid for you and also provide the cash for you at sale.So it goes like this.say you want to bid on a 200k house you need 40k. you deposit that with them.they win the bid they put up the 200k .. they take a security interest on the recipt from auction.. then when trustee's deed comes they roll that into a HML.they charge a fee for the buy .. and then charge you for the HML usually 4 and 14 , and then you do the rehab and your free to use anyone to resell.