Or you can decide on a 60/40 or 70/30 split of some sort. 

Isn't some sort of certificate of compliance supposed to be secured by the city inspector saying as much?

Hey Victoria,So there wouldn't be any sort of income taxes related to this transfer of property as it is not considered a sale or exchange. 

I’m also putting together my “dream” team and interviewing attorneys, title companies, lenders, real estate brokers, contractors and magicians so I’ll be fully prepared when the 100 postcards I send out to randomly selected people results in the 14 offers to sell their notes that represents the average 14% response rate to junk mailings. 

The Qualified Intermediary that you select to support the Exchange is important and price is just one of the factors to consider.Happy to make an unbiased recommendation if you’re looking for more options.

This was not like taking out a regular mortgage, There were all sorts of hoops to jump through and tons of extra paperwork to fill out but my Realtor and Lender made the process easy!

Hey Miguelli,My advice...1) Do not use a HELOC unless you are doing some sort of value-add activity.

So project selection, detailed comp analysis, detailed cost analysis, an ARV based on fact. 

When you get the sheriff’s proposed distribution of funds, there will be a copy of a title search that was performed by a title company selected by the sheriff; that title company is possibly the best place to go to ask whether you should buy a title policy - they did the search and should be willing to insure.

.- Im thinking of not charging security deposit because of all the strict MA laws and just using the last months rent as a sort of security deposit, thoughts?