Also, if the homeowner does not want to buy the home for 108K, will they have a discrepancy judgement for the difference?

So wait - they are attaching liens to people without notification or even a judgement and haven't even attempted to collect on it and the court rep states his is near certain Joe doesn't even know about it?

Is it still raining in Eugene.

*Divorce, Judgements, Liens or even trouble with tenants?

Found out later from another attorney that the QI had outstanding judgements against him and that limited the type of 1031 deed transfer than could be done from the QI.Now, I use a real estate friend for the QI and there are several small but stable banks that do QI work for free for their customers.

If they like their chances they may choose to file a civil suit to pursue a judgement against you.

Couldn't handle the rain anymore so moved to Sedona AZ.My son lives in Eugene and creates awesome custom property fliers and web site graphics for Realtors he said he has stayed fairly busy.

IF you were looking for a home, but didn't meet criteria for an agency loan, wouldn't you be interested if someone offered a way to get all the benefits of ownership:1- move in for closing costs, plus 2 payments,2- the portion of their monthly payment of interest and taxes is deductible3- they receive, let's say, 50% of FUTURE appreciation4- protect title against BK, judgements, IRS liens etc during the termMuch more .. but the point is, now you're attracting people with an ownership mindset who agree to maintain the property in exchange for tax deductions, potential appreciation, and opportunity to improve the property for "forced appreciation".

Not to rain on your parade, but don't you think the folks over at Zillow are thinking pretty much the same thing?

I didn't mean to rain on your parade but if you take a hard look at these numbers it doesn't look as good as saying "well, I have a positive cash flow".You may well get bailed out by price appreciation.