might I ask what this term means and how it would benefit the buyer or seller?

If you use an attorney, they will customize more things and and that is really only a benefit when you have several parties in your entity.

Is it correct that we/she won't get the benefit of deduction on real estate tax and mortgage interest payment because it is rental and her status, right?

You can use the whole time selected by the redemption period to try to come up with the funds, or if you know you cannot do that, you can take that time to find physically appropriate lodging.Therefore the redemption period in your state offers two benefits.

Assuming you are looking for an end-user (owner occupant) buyer, I suggest offering some creative lending benefits to the potential buyer.

Jason-I have had the opportunity to check out the forum, as well as a number of the articles you've posted on here, and have benefitted greatly from them.Thanks so much for the welcome!

Seems like alot of people here are extensive experience in Short Sales. While I have done a couple with Sellers I have only one reason I can think of a Seller would want to do one.

Well maybe two:

*Possibly not rec...

It is a great way to get started and you personally benefit by living in the home.

If anyone would like to talk further please send me a message.How can this benefit you:If it is too hard for you to find deals on properties themselves, I could do it for you.

I think I stumbled onto the benefits of this construction style in management but am incorporating it into my future acquisitions.Tim