Also, in most states a deed in lieu is considered full payment of the outstanding debt, in Texas it must be stated, but in any state, it is always best to state on the Quit Claim Deed that...This deed is given for the full satisfaction of debt....

The lender can usually require you to reduce the amount outstanding in part as well, say your home value is viewed as falling with other properties in the area, they may require the same loan to value remain constant or be reduced.You need to read HELOCs carefully!

Damn..

I look at sales comparables and population/demographic trends, and look over the area on a map and on Google Earth.Second, I contact the local citizens with regards to the building and if possible, the previous ownership.Police Department can tell me insider's opinion and can give me a breakdown of crime in the area.Fire department - have they had any emergencies at the building recently.City Inspector - are there any outstanding violations?

He even renewed your lease after he had been defaulted and a sale date had been set when he knew damn well he only had days of ownership left.I constantly encounter prospective tenants that are in similar situations, except many of them signed a lease and put down a security deposit right before the sale.

I could wait 20 damn years for that thing to show up here in Westminster.

Damn!)

I met a broker in what seems like a great brokerage, so I am going to get my license and do it my damned self.

Outstanding advice from Allen!

Damn Tom N. you should be a teacher!