So that would mean the applicable depreciation over 5 years would be either 18.2% ($27,273) for residential or 12.8% ($19,230).The above information excludes any additions to the basis for capital improvements as previously mentioned but the rates of depreciation remain as well as having to net out the land value.Now the gain on the property will be based on the sale price at disposition less your basis.  

We've done many of these, in this situation we normally would never payoff the 1st mortgage, we would just reinstate the first lien and bring it current until disposition.

If the trust doesn't have any restrictions on the disposition of the house, for example it doesn't say the house must get donated to charity, then the successor trustee(s) may do what they wish with the property, such as transfer the title to your mother.This is way over my head as a non-attorney, but hopefully I've pointed you in the correct direction.

Read the forums, see what others are dealing with (late rent, no rent, extra tenants, unauthorized pets, breaking a lease early, security deposit disposition, application screening, etc.) and create a list.

It can also be heart wrenching or frightening, depending on the disposition of the tenant.Good luck.  

You cannot change the disposition of others , but you can be the kind if guy ( or girl) " Mom would be proud of" !

20 years experience in multiple areas of real estate acquisition, finance and disposition.

There are rules on disposition of property from the trust...

You show alot of scruples by actually giving the disposition of her belongings a second thought.

Assume further that Participant and Lead Lender have agreed under section 2.3 (b) above that they would share Participant's share of profits arising out of the disposition of the Residential Units, 50% in favor of Lead Lender and 50%in favor of Participant.