Why wasn't there a settlement or title company involved?

Remember cash is King and Owner financing is better.Understand creative financing, always ask for owner financing, possession, subornation, substitution of collateral, delayed settlement and discounts for early pay off.Offer less - guarantee your equity profit - some say, "If you are not embarrassed with your offer, you are offering too much!"

Had to chase the definition to understand this one:http://www.investopedia.com/terms/c/contractfordifferences.as:- DEFINITION of 'Contract For Differences - CFD'An arrangement made in a futures contract whereby differences in settlement are made through cash payments, rather than the delivery of physical goods or securities.

As a wholesaler you should know what to do and how fast you need to do it.Here are some suggestions:Write an offer for what she wants.Take title subject to the mortgage, keep the property, pay the mortgage and profit from the rent and appreciation -- orControl the property with a "skinny contract of sale" with a delayed settlement date, have a public auction.If you control the property for $65,000 and sell it at $80,000 you are doing well (need a partner).I'd say stop asking question and go close that deal.May I ask you some questions?

I would contact a settlement company to handle the transaction.

The stuff I see on title reports says "for due consideration" and things like that, but I can't see the purchase contract or settlement statement.So that's a good thing for you.

Borrowed money that must be paid back is NOT income and is not taxable as income.If you sell the property for more than the balance on the refinanced loan, then the outstanding loan balance will be repaid from the settlement proceeds.  

As an investor you have less stress, you don't have to where a yellow or blue blazer, no need to look for the balloon in the air and don't have to pay dues, attend meetings, meet a quota, do a coop with agents who take part of your commissionJust think no floor duty, no driving customers around to look at houses,  waste your time and gas. sap your energy and leaving you only to buy a property from their brother in law who just get their licenseOh YES, the freedom to make all the money your are worth, no need  for the hassle of finding listings, prospecting, floor duty.......oh the freedom that an investor has, oh the pleasure of sleeping late, making creative offers, doing subject to existing financing, delayed settlements, collecting assignment fees.....oh the sweet freedom of cash flow and free time.

FIRPTA requires escrow officers, closing attorneys or other settlement processors to withhold and remit to the IRS 10% of the gross sale price unless the IRS issues a Withholding Certificate of Exemption to the closing agent. 

The landlord and tenant may verbally come to some agreement other than what was in the lease.You should also have gotten the tenant security deposits at settlement from the former landlord.