One last item, and this is a question, if two identical homes n identical condition sit next to each other, and Sam buys the one on the left for $100k, and I buy the one on the right for $65k, and the closing of each transaction occurs on the same day, what is the current market value of my home and Sam's?

---------------------------------------------------------------------------Arizona's Realtor Association - Seller Financing Forms - Dodd Frankhttp://blog.aaronline.com/2014/01/are-you-prepared-for-the-next-installment-of-dodd-frank/In order to ensure that its members are not facilitating seller financed transactions in violation of the Dodd-Frank Act, AAR has removed its Assumption/Carryback Addendum from the AAR forms library.

I just want to make sure my understanding got how this transaction would work is correct: He will allow me to represent him as his buyer's agent so I can collect a commission and he can get the property under contract and do his thing.

Gross collection of personal income tax was up by 18.5 per cent and stood at Rs 1.7 lakh crore, against Rs 1.4 lakh crore during the same period in the last year,” it said.Collection of securities transaction tax stood at Rs 3,427 crore this shows that there is an increase of 4.04 per cent.

You won't need an allonge, an additional paper added to the original note if there is sufficient space on the note for the endorsement, after a note gets passed through several hands, that space, if there was any, just runs out and then you would attach an allonge for endorsement.Unless you have the maker(s) execute any other terms that may be added by allonge, as many brokers like to get wordy and write things, it will have no real effect.Notes are negotiable paper just a check or draft and are governed under the UCC requiring an endorsement, "pay to the order of" and thereafter you should annotate "with/without recourse" as the assignment and endorsement are made with recourse or without to the new holder. .The sale of a note must have an accounting of the transaction, describing the note and the amount received/paid along with other costs or expenses, if any.An assignment of mortgage or assignment of note and deed of trust is made, it simply describes the original note (not the balance) when it was made and contains the legal description of the collateral, this is filed in the property records for that property.

I can't speak from experience, but a couple of advantages that are quite easy to pinpoint are access to the MLS, and the ability to earn commissions on transactions (or save them).

$2400/$20,000 cash invested is a 12% cash on cash return annually- which may be acceptable, but it ignores the appreciation.If you sell the house at the end of year 1 (ignore transaction costs just for illustration) for $102K - up just 2%, that's $2000 of additional capital gains which boosts your total IRR by 10% up to 22% ($4400/20000 invested).

Hi Steven,You can go after value add but most of those properties transacted in 2009,2010 and many sellers are selling off for yield plays cashing in the forced appreciation.

I've always been under the impression that in wholesale transactions the buyer takes care of all of the closing costs; that one Of the perks of going through a wholesaler are The seller not having to worry about closing costs.

At a minimum, creditors generally must consider eight underwriting factors: (1) current or reasonably expected income or assets; (2) current employment status; (3) the monthly payment on the covered transaction; (4) the monthly payment on any simultaneous loan; (5) the monthly payment for mortgage-related obligations; (6) current debt obligations, alimony, and child support; (7) the monthly debt-to-income ratio or residual income; and (8) credit history.