All the warnings above are valid, and I strongly recommend that you not try to lend. 1.

Steve Stern, so are you saying because Cali doesn't have much lagging inventory that home prices will probably still continue its upwards trend?

Then warn them if they do not do something they may face fines or action by city/county.

Perhaps step 4 or 5 after a warning and two or three rounds of fines.

The FL Bar has put out a notice to all attorneys that warn against attorneys working with loan modification companies as a potential ethical violation.

Then, research the costs to have a good idea of what you are facing to determine what your purchase offer should be.He warned of the dangers of overlooking or not fully considering all the costs.

I was hoping there would be a way to hit her credit report to warn other landlords of her tactics.

Alternatively, you could arrange an earn-out whereby you retain 80% - 90% of his portion of the the cash-flow-before-taxes (CFBT) until he has earned out your half of the property {this could be done even if there is an existing mortgage in-place}.Be warned that if you have a mortgage and your names are both on it, the lender (especially a bank) may force the remaining partner to refinance (rather than simply issue a "release" of the other partner from the mortgage).There are others here like Jon Holdman, and @Bill Gulley, who have deep experience and better know the financing options available to you in the U.S.A.Whatever you do going forward, spend a little time with a real estate / partnership attorney and get things in writing.

I have NO IDEA how the rules work in your area, but in most places if you get a call from code enforcement the first time it's usually a warning...and even if you don't get a call, we recommend putting them out on Friday and picking them back up Sunday evening.

I would warn you about cook county eviction process and the lengthy process that it is.