I'm renting more to working graduates who are sharing a house or an apartment because they no longer want to party down and congregate in a square.

If a third party, with CASH bid anything more the bank would ACCEPT IT.

Right, then once you know you can legally do it, the hard part is getting decent floorplans worked out, and especially handling the plumbing issues.

where is the risk as long as everything is disclosed to all parties.

A little late to the party but welcome to the club anyways my friend and I do hope you enjoy your welcome train again my friend.

I am a conservative (not a republican).

We have considered creating and signing a contract that states the expectations of both parties, but are not sure how real estate law effects our situation.

I'd like to see one deal(*), with a newbie getting 100% financing from a third party private source in an arms length transaction that worked out well.

We haven't determined the upfront amount, but I assume he wants as much as possible and I just want to make sure I don't lose any money.Now, I'm no expert, but I see potential issues with both scenarios...specifically if neither of us is able to actually take title after the foreclosure process.So, I'm looking for suggestions on how to handle this in an equitable fashion such that neither side gets screwed should something atypical happen (like a redemption or purchase at auction by a third party).Any suggestions are great appreciated!

The CFPB (Consumer Financial Protection Bureau) came way too late to the, “let’s punish the mortgage industry party.”