In the end, you'll have legal problems, court appearances, accounting that is beyond your imagination and if things were determined to be at arm's length, you'll keep the property and will be motivated to refinance the deal to provide cash to the state, when you did not expect to.

Here in Colorado a whole family died in a similar situation, and now carbon monoxide detectors are required in new or resale residential units.But you may want to consider your own safety as well.

We have a real estate brokerage and an arm our our business is performing valuations (BPOs) full time.

Transactions must be arms length – no inappropriate collusion and no identity of interest between the buyer and seller or other parties.

Make sure both entities are arm's length and there is no debt shared between companies.

No way around it because its an arms length transaction.

It makes certain sense since it is a matter of safety.

Hi, you might install a keyed lock as well, tell them the keyless system is only used when the property is occupied.Also, you can also require them to provide adequate safety measures, perhaps the key needs to be under the safekeeping of two individuals, noy just one, a sign out sheet and proof of ID for only authorized persons to obtain the key.

I know a lot of people are hurting these days but it seems like it would be the norm to have at least $2000 in the bank as a safety net.

Citi will also allocate a minimum $1,000 to borrowers to assist with relocation.While a worthy thought, is it just delaying a flood of REO’s into later this year, around the same time we expect a wave of Option ARM recasts which are very likely short sale or REO candidates???