I have used NARS - and worked just like advertised for me.Last deal involved a home in Vancouver, WA- owner was moving to CA and had a prepay penalty on his loan.. and just wanted to get out of the monthly obligation.Placed his home into his own trust, then assigned a beneficial interest to me and I in turn brought in a resident beneficiary to "partner up" with.

If you're feeling particularly dastardly you might have written a prepayment penalty into the note, but if I did that I would probably only make it for the first year or perhaps two.

I need to know the numbers before I can say for sure, but I suggest you seek a second opinion before proceeding.Regards,Scott Miller

I am in the process of saving money for a down payment currently.I am currently saving money for a downpayment in my IRA, due to the ability to allow it to grow and build interest for me, and the ability to take out up to $10,000 without penalty (understand penalty free not tax free) for the purchase of your first home.Joseph

And that means you can say goodbye to those late-payment penalties, too!

Check the present financing to see if there is a pre-pay penalty or other costs for paying off the loan.

We flip the majority but also seek investors to take some off our hands..

That's a pretty big penalty.

And spell out the STIFF PENALTIES for overnight guests who stay more than 7 days without your permission.YOU should've been more aggressive in getting to the bottom of this.

I have no emotional attachment.This puts me back to Square 1 and I will no doubt come again seeking further advice, and welcome all Naysayers of course.