And if the tenant stops paying rent, you may have to go through the eviction process (although it may be somewhat less complex with an unoccupied unit).Another viable option may be to negotiate a settlement amount for breaking the lease.

@Roger Bickley The Title Company will pay off the liens at settlement.

I keep all docs in the loop including any addendums, inspection reports, and settlement docs in the loop.

Simply stated, assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset)Liability: the future sacrifices of economic benefits that the entity is obliged to make to other entities as a result of past transactions or other past events, the settlement of which may result in the transfer or use of assets, provision of services or other yielding of economic benefits in the future.A liability is defined by the following characteristics:-Any type of borrowing from persons or banks for improving a business or personal income that is payable during short or long time;-A duty or responsibility to others that entails settlement by future transfer or use of assets, provision of services, or other transaction yielding an economic benefit, at a specified or determinable date, on occurrence of a specified event, or on demand;-A duty or responsibility that obligates the entity to another, leaving it little or no discretion to avoid settlement; and,-A transaction or event obligating the entity that has already occurred@Angelique Diaz I get where the Rich Dad idea comes from but I think we are forgetting that he wrote that book not as a REI text and more as a midst shifting primer for those that have little to no financial education.

It has created an entire little industry of commercial mold remediation to take care of what has always been part of the human condition.There was mold in the first caves that humanity took shelter in, mold in the Roman temples, mold in the Gothic cathedrals, mold in the teepees that the Indians erected on the prairies, mold in every camp, settlement, town, village, and city in the history of civilization.

I was given the HUD-1 settlement statement and wiring instructions and am supposed to wire the money on Monday.

I believe the loan can be paid off in full for pennies on the dollar; a settlement if you will.

Do I or the owner need to negotiate that lien and pay it BEFORE closing or can I simply get a settlement letter from the bank and submit it to the closing attorney and pay it on day of closing?

We also request a copy of the HUD/Settlement Statement that we have to approve in order for us to sign the release of the notice of option.Hope that helps,Chris Pre

Ask for the engineer report used to determine the insurance settlement.