I’ve joined some of these before & they often feel like sales pitches or marketing ploys, but I won’t be pumping people for information or trying to make a mailing list or any of that.

Any information would be greatly appreciated.

All of this information should be available online so you'll just want to make sure you do your research. 

Thank you all for sharing such wonderful resources and valuable information.

My accountant was lazy, not well informed and provided bad advice.

It takes them forever to sign documentation and make decisions.

Just saying I have a lot of equity and want to make money with it, is not enough to make prudent decisions.

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

You should consult a tax professional for an answer based on your unique situation, this is not tax advise just general information.

In the meantime I would love to have some helpful information or ideas to share with the buyers when we meet and ideally an agreement/contract we could fill out together once new terms are agreed to and then share that with the attorney so he could draft up the formal instrument for recording.If you have experience with this type of scenario, I’d love to hear any recommendations you have or any helpful resources you could point me to for the appropriate paperwork.Under foreclosure laws, you have to send appropriate notices and try to work with the borrower and offer a loan mod before foreclosure anyway.