Stay in and be part of this 721 or lose my investment most likely.

She spent countless hours on the phone—with me, the city, contractors, and other key players—to help find the best path forward when she didn't have to.What I Learned:Insurance is your safety net: Always double-check that you have the correct policy for your project type. 

Now investors, especially the newbies, are chasing returns by going after higher risk investments - many NOT really understanding the true risks.Many more investors will be losing money and choosing to liquidate real estate - which will be buying opportunities for the better prepared investors.

You have the most to lose now since you'd be out all of your investment if the FC goes ahead.

If you put the house in her name and you have siblings or other folks who would have a claim as a direct heir on her estate, you run the risk of losing the property to another heir. 

This would be my first real estate investment, making the decision even more critical.I understand that backing out would mean losing the $2,000 earnest deposit.

Quote from @Matt Meier: If I were to do this, wouldn't the lender lose out on their commission? 

Just try to sell it to someone else for anything so you don't lose all of your money.

On the other hand, maybe you are going to lose some personal income due to retirement and want the cash flow.

If the 1st then goes into foreclosure, you are in deep trouble, you have to pay it off or lose your money on the 2nd AND lose the property. 6.