Maybe that is where the other lawyer jumped the track in his/her misunderstanding of the law.On the flip side, just to know for the future if you do more foreclosure investing, suppose the bank credit bid the property for $15,000 and then sold it to someone for $20,000 and that person sold it to your partner for $25,000.

That is an over simplification and misunderstanding of the process and steps.  

Many times, it's just a matter of a sincere misunderstanding and the person who's asking the questions genuinely hasn't be familiarized with federal law.  

Misunderstanding the Forbes data may have some believing that there's no return to be made in these markets.

I hear the podcast state that Depreciation is a builder of wealth, am I misunderstanding what they mean?

I would like to find a route that will get me the property but to make sure at the same time the seller and family doesn’t get screwed over on their taxes through any misunderstandings.

Are you sure you didn't misunderstand?

The major misunderstanding and likely the key driving the utility of these instruments is notion of ease of eviction.  

There were some misunderstandings and tension between me and my family members but I had not expected what I saw that morning when I returned from my graveyard shift.

I had to re-read this several times to be sure I was not misunderstanding the issue.You had your last tenants stay there for six years.