it probably won't show up but you are typically under a moral/legal obligation to report it if you are applying for another mortgage

It would be nice to connect with like minded individuals and learn how to be successful in the business, ethically and morally. 

Whether they are morally acceptable or should be expected in modern business ethics I leave to philosophers and practitioners. 

Moral: stay out of land and you'll probably be OK. 

@Eric Armstrong  this is the extreme risk the seller takes doing subject too... they have deed the property away.. and are on the hook for the loan.. any foreclosure would go against them.Plus if its in a state like Texas the bank could get  a deficiency judgment as well against the seller.The buyer of the property although  maybe morally responsible or even contractually but if they have no assets for do not have the money to pay an mortgage whose Alienation clause has been invoked.. really does not matter seller is on the hook..

The moral of the story is: I NEED SERIOUS BUYERS!

Some of them still haven't.The moral of the story is to buy assets when they can be had for a discount, like from 2009-2012, and avoid overpaying when things are frothy, like they are now.

Interesting predicament.  

She hung up the phone.The moral of the story is, well, there are too many variables to give you a good opinion.

I'd be happy to help anyone in these predicaments.