So IF the OP does go driving around wasting his scarce resources, I would answer... 

Assuming the OP wants to stay in the Bay Area, $185k won’t buy her anything close to resembling an SFR in here area.

OP's title company could prepare the proposed deed and have the trustees review and sign it.

Can anyone give me an idea about closing costs and taxes related to co-ops?

Originally posted by @Tom Gimer:Originally posted by @Kailani Tom:thanks Tom well i think the LLC is waiting it out and milking it, the home is definitely worth more than what I owe in mortgage so the LLC is sitting pretty for right now, I just need this situation done so that I can get back on track..If you eliminate personal responsibility for the Note by filing BK, the lender will have no recourse other than the property... and yes they will foreclose.If the LLC is alerted to the fact that you're planning to file BK and that the gravy train is coming to a stop, perhaps they'll negotiate with you... and you could conceivably negotiate with the lender at the same time.An interesting twist to this is who would be entitled to the surplus following the lender's foreclosure.Anyway, keep BP posted. indeed interesting. but based on my experience with these, my money is on OP getting surplus, unless they have debt and there are other parties to the action.

The OP pretty clearly states Windsor, ON in his initial post.

The OP can not "cash out the difference between what was paid and the ARV".ie.

OP: Do it for both.

OP is the record owner here and nobody has challenged that... yet.

And IF you would have seen it, it was made clear that things CAN get worse the longer you wait.For this situation, OP is dealing with 2 puppies that are peeing all over.