PFP was charged as Relief Defendants as they held the funds which have been settled.  

I want to understand this completely.

Is this stating that if a home owner has received a tax deficiency for a house that was short sold, but lived in the home for 2 years, they don't have to pay this?

Thanks

A bank will not take a short sale if you have assets that could be used to make up the difference.JonI mean in your opinion with the current situation with the market and loans would they bend some of there policies and and let someone else that is quaified assume the loan if I admit to them that I can no longer make these payements as relief to the current borrower?

I'm finding that just a little reliefe, 1-2 little things going right will take the edge off and take away that "giving up" felling.

This will probably give you some relief in your decision.Regardless of what you do, no one can say you are doing the wrong thing.

Essentially my landlord held the house a couple weeks off market so they could get it rent ready and the deposit was used to assure I didn't skip out, then when I arrived I signed the lease.So either way works, but as was mentioned above, I highly recommend you put in a line about abiding by the Soldiers and Sailors Civil Relief Act as far as early broken leases so you understand what you are getting into and in writing.

Ensure that your letter conforms properly.Additionally, be aware of triggering a request for relief from the Borrower and what that will mean for the manner in which you deal with their situation.  

However if you can look at longer time horizon and become a buy and hold investor who occasionally sells a property then 1031 exchanges can be the most powerful tool in your arsenal for tax relief and enhancing ROI

If it is you will have to seek relief from the stay.

What I have found attractive about condos though is that they are relatively low hassle since there is not much that can break - since most of the structural upkeep is done by the HOA and apart from some small break fix or appliances, I haven't had to deal with any major repairs, and that's a big relief especially if you are managing properties remotely.