Hi Mark, You're in a fortunate situation with your parents owning a mortgage-free home in a desirable area that has both appreciation potential and rental income opportunities.

Fortunately, my business partner is great in that aspect.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

He took depreciation on the prop, claimed the kids I’ve had primary custody of, and likely pocketed the returns.I am in the process of trying to engage a communicative/experienced accountant to assist in cleaning this mess up asap and fortunately our amazing bookkeeper of approx 8 years is very knowledgeable and responsive.

Fortunately her husband called afterwards and we worked it out.

Fortunately there was an overage of funds from the bid up at the sale that was sufficient to satisfy the DPW lien. 

@Lisa Fortune it appears you are a "an asset based real estate lender" do you really not know the answer to this question??

Real estate consumers in our area are fortunate to have access to a large pool of talented and knowledgeable professionals who are backed by a strong association. 

In 10 years it will make you a fortune.

Fortunately, since 2008, the Fed has unequivocally telegraphed rate changes in advance.

We are fortunate that land development is something we've been doing for several decades, but each site presents its own challenges and rewards.