I have in fact been thinking about this a bit because it does present a potential complication.

Federal tax liens are a somewhat more complicated matter because they do get wiped out but the IRS has a 120-day period during which they can pay you your acquisition price and take over the property.

I always wanted to get into LO's but seems to complicated for my taste.

I get asked all the time about square foot pricing from prospective buyers, and constantly have to explain that it's a lot more complicated than that, and the price per square foot does not tell the whole story.

In PA, there are two different ways to get a tax deed that I'm aware of, and each of those ways has what's called an "upset sale" and a "judicial sale".

It doesn't make any sense to me, but I have a feeling a bankruptcy attorney may say that to a homeowner all day long.In some states, the homeowner is protected from a lender seeking a deficiency judgement if they go through a foreclosure vs. a short sale.In AZ you are only protected if you go through a non-judicial foreclosures or get it writing from the bank.

On the contract, you would both be listed as buyers, which would likely require both of you to sign all the documents, both of you to go to closing, both of you to be responsible for ensuring that the contract is followed, etc.The equity split would likely be defined and accomplished through a partnership agreement or an operating agreement as part of a business entity you and this buyer create jointly.That said, this seems a little complicated just to pay a bird-dog.

Our file is pretty complicated with all of the properties and weird transactions so he helps with getting things set up properly.

As far as sports though, it can get a little complicated.

Is any bank really going to consider a letter that says "John Doe is putting up $xxx to fund the purchase of this property" without actual proof John Doe has any money, or am I over complicating this.