So, even if the loan amount is the same, and even if the interest rate is the same, with the terms mirroring the underlying mortgage, the seller will have (1) recourse to foreclose if the buyer stops paying (2) with payments going directly to the seller who then sends payment to the underlying lender the seller will know if and when the buyer has not made a payment, in which case they can choose to make the underlying mortgage payment and proceed to foreclosure, (3) the seller’s legal position is enhanced since he holds a debt security interest in the property (4) the seller may be able to wrap a higher amount than the underlying note and or a higher interest rate and (5) the seller’s credit position may be enhanced since he has the asset of the wrap note offsetting the underlying debt.  

I would mirror ones similar that have sold. 

Here's a list of possible things that need done (written roughly in the order of operation):-Demo-Framing-Roof-HVAC-Rough Plumbing & Electrical-Insluation-Drywall-Flooring-Wall Tile (backsplashes, showers)-Interior Trim & Interior Doors-Cabinets-Countertops-Paint-Trim Plumbing & Electrical-Trim HVAC-Final Trim Out (Mirrors, TP Holders, Towel Racks, Mailbox, House #s)

I doubt many are going into credit card debt or if they are that's kind of crazy.. as this part of real estate has no smoke and mirrors generally.And I suspect because most of these folks are doing some sort of PPM and need to deal with accredited investors.. that separates those wanting to start to those who have already had some financial win's or experience and just looking for a new avenue.. 

In my view, it closely mirrors the conditions that led to the 2008 crash.

The product would never come out or even begin being developed, 100% smoke and mirrors.

This story partially mirrors the collapse of the British where enemies didn't need to take out their navy, they just needed to take out the ships carrying grain to the British Isles. 

I've searched the forums on this topic but haven't seen a situation that mirrors mine so here we go.  

First complaint I have about the system is there smoke and mirror gray and white disclaimers they almost contradict him selves not with the services alone more of the membership payment etc. 

My greatest pain point is not that the deals failed, although that certainly adds salt to the wounds, it's the poor communication, false narratives, chasing (almost begging) for updates, lack of full disclosure, the smoke and mirrors, etc.