The full mortgage market (all mortgages including those held by banks and not packaged into MBS) is approximately $2 trillion.

:mrgreen: Seriously, though, I think I'd contact the local authorities and let them be the ones responsible for deciding the direction you should take.Too many people these days that are sue-happy and too many ways to be held responsible.Just my 2 cents.

If your parents are exchanging then they need to purchase replacement property that is going to be held for use in trade or business.

The lien that bank held expired with the foreclosure auction.

Reinvesting 100% of Cash/EquityYou must reinvest 100% of your net cash proceeds/equity received and held by your Qualified Intermediary into your like-kind replacement properties.

Cash IS king .... especially if it is not held in dollars which are declining against the rest of the world's currencies!

Plus the Quit Claim can get held up at the county and may give you some interesting title problems if the flip goes fast.The $200k is doing nothing for you as equity in your house.

That's at your ordinary rate if you held it less than a year, currently 15% if you hold it over a year.

Closings are being held off or completely blowing up at the closing table due to the lenders.

Property that was held as a rental.