Depending on what sort of deed you conveyed the property on you will also have an idea of what liability you have.

The "homeowner" has a right to redeem not convey.

In some states, there is also an implied limitation on the due on sale clause from the time of notice (constructive or actual) of the conveyance.

A couple of others that come to mind are: 1) one joint tenant can convey his/her share to a third party and thus convert joint tenancy to tenancy in common, and 2) the stepped up basis on inheritance is affected.Have you considered a land trust?

Until he conveys the units he will be responsible for that liability as it accrues.

Notes are conveyed through an "Allonge" which grants the interests in the note to the named party.

This is where is gets interesting.Open Mtg1 - BAC Countrywide Home LoansOpen Mtg2 (junior) - JPMorgan Chase 5/31/11 - Sheriff's Deed on Mtg1 to BAC Countywide Home Loans6/11/11 - Quit Claim from BAC to Fannie Mae8/11/11 - Redemption Certificate - Redeemed by junior lien holder JPMorgan Chase paid in fullThe redemption certificate states, "The grantee's interest in said sheiff's deed has been conveyed to Fannie Mae."11/30/11 - Redemption Period would have ended hereAs of today, nothing else has been filed at the county.I've called Chase REO, they have no record of the property.I've called Fannie Mae REO, they have no record of the property.I've called the township treasure, 2011 summer tax receipt was paid by BAC.

The example fails to convey properly when the investment concludes.

Your title co should be able to do a O&E report for you, which will show you liens and judgement & mortgage records, & how the property was conveyed, etc.

Or my head is just in a completely different place than what you're trying to convey.