Expanding consumer protections to surviving family members and other homeowners: If a borrower dies, existing CFPB rules require that servicers have policies and procedures in place to promptly identify and communicate with family members, heirs, or other parties, known as “successors in interest,” who have a legal interest in the home.

Create an LLC, transfer ownership from your personal name to the LLC, and speak with a real estate attorney to streamline this procedure.

Utah is a non-judicial state, which means that the procedure is governed by state statute.As a beginner, I think it's best to focus on pre-foreclosures.

Your broker should have their procedures of putting a property on the MLS or not and the owner also has a say so of course.

@Jeremy Holcomb A couple of clarifications:To get clear title, without a quiet title action, you have to wait 4 years from the issuance of the tax deed.I don’t believe the death of an owner prevents a quiet title action, just like it doesn’t prevent an foreclosure.You Can use Tax Tile Services out of Cali to insure your title on this purchase, instead of a quiet title action, after they verify the county tax collector followed proper procedure.....but you’d also need to use them if you resell within the 4 years.ORJust buy it with a quit claim deed, maybe you might have an attorney or title company look at the tax collector file to verify proper notices, etc, and wait the 4 years to get clear title.  

page=articles_4 (note that the article on credit reports is the second one down the page, below Lock Out Procedures).

Just make sure you’re following all the proper procedures because she would likely make a very sympathetic figure in court if it came to that.

Do you have standard collection procedures (late letter and fees, lock out enforcement, lien law notification etc)?

First check your state laws regarding security deposits.If we have a tenant that trashes a property, we cannot just automatically forfeit their security deposit and we have 30 days to send the tenants an itemized list of charges against their deposit.In Texas if an owner does not follow proper procedure even though the tenant trashed the property, the tenant can go back after the owner for triple the security deposit plus attorney fees and court costs.If you accidentally did not follow your state laws, I would immediately refund the total deposit.If you followed your state laws, then you should have at least contractor invoices for the work done to justify the expenses against her security deposit.

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