I've not seen your note, nor do I know the entire circumstances, beginning to date, nothing about the modifications or negotiations so to go off on ranting speculations would not be good advice.

The answer ranges depending on the circumstances, but keep in mind two important factors:1.

In RE, another example might be the sale of property to a family member at a much lower price or financing it under terms that would not be granted to unrelated parties under similar circumstances.

In no circumstances cut two checks!

I am wondering about some of these bigger multiunit properties that don't have individual furnaces-- if there are any circumstances at all where it would end up saving you money in the end.

Due to a fairly insane set of circumstances that existed during closing I ended up taking ownership of the house with a tenant in the house.

**From my experience when a bank does a shor tsale it can be approximately 70% to 85% of value (of course these percentages change based on several circumstances).

@Nicole Williamson - be very careful doing that; it is what is called a "silent second", and can be considered fraud in many circumstances. http://www.investopedia.com/terms/s/silent_second_mortgage.asphttp://criminal.findlaw.com/criminal-charges/mortgage-fraud.html

We sometimes find damage and neglect and the tenants are given a short window to correct it or move.

@Steve Babiak, I enter some of the more complex transactions, such as refunding security deposits with interest less outstanding A/P, and some of my loan and income transactions that she is not aware of.She is more than a bookkeeper, and has access to download from my bank accounts, so an accountant copy wouldn't work in this circumstance.