Quick question after that long ramble... for those of you that have to carry these properties for 30 days: Are you getting insurance on them?

this may be an issue....lets say for instance that i have a home depot card that reports on the 15th of every month but my billing cycle ends on the 10th. i have a zero balance on the 15th and thats what gets reported. on the 16th i go out and use my card say 1000 on a 4000 limit. i then carry that balance for a few weeks and pay it off on my next payment say on the 8th (eventhoughno payment was necesarily due thanks for the grace periods). because of this, anther 0 balance gets reported to the bureaus thus showing no utilization.my suggestion (and this is ONLY to play their game) is to use the card and pay it off over 2 or 3 cycles. yes you will have to pay some interest but it won't be much. this will ensure that you are showing utilization on your bureaus. once you get your score up. then you will not really have to do this that often.

Is the developer carrying the expenses on the unsold lots until they are sold?

Do you have a concealed carry permit and carry a gun?

In that situation I will many times have a bonus clause for coming in on time and budget and a liquidated damages of approximately what my carrying costs are per day he is late after our agreed upon date.With this method its important to give an appropriate time extension for any change orders.You are not going to pay his taxes.

And unless you are financial institution you will not be allowed to carry a second lien for your buyers. especially if you are the seller.

I've been searching my butt off trying to find lease options, subject to's and owner carries.

Do you all carry a regular policy plus an umbrella?

Seller financing covers a range of approaches, including simply carrying the note on a free and clear property, wrapping an existing note, subject to, contract for deed, and lease options.If you're the buyer on a subject to deal, you want to make the payments directly to the lender.If you're the seller on a subject to deal, well, don't sell with subject to.Similarly on a wrap, you'd really rather pay the wrapped mortgage payment directly to the lender, and send the seller the difference.

The seller is motivated and will do a carry-back mortgage.