Coker II, I can only answer 5 and 6; 5 - BP Podcasts and books are great topics on the subject.

I wrote a pretty lengthy article on this subject (and how to avoid it) that you can find HERE. 

If the sale was by a quit claim deed, or almost any other deed other than warranty deed, then depending on if any other documents were signed by seller regarding liability for “back taxes” he may not be responsible.Since as to the taxing authority the taxes stay with the property, if you or someone doesn’t pay them, and assuming no mistake was made as to their status, then your property is subject to any and all relief available to the taxing authority, including lawsuit, lien, or foreclosure action.

This is the outline for the contract that was signed:I, "SELLER", of BLANK Financial (the seller) am the owner of the property located in Pend Oreille County (assessors parcel number: BLANK).Said property is being sold via contract (the contract) to BLANK (the borrower) with a closing date that has yet to be determined.

Since it appears your friend knew there was someone in possession at the time of closing and agree to title take subject to that possession, even though the Insured was mistaken as to when that right to possession would end, there may not be coverage.. 

., notes subject to certain banking regulations).Again, consult an attorney.

Who does subject to, seller finance, and/or lease options in Dayton or surrounding areas?

We agreed subject to inspection and them removing the lower unit tenants so we could live there.

Unfortunately this stuff is highly subjective.

Thanks Wayne,im considering doing a subject to deal on this specific deal.it may still work,Once question - if i reinstate the loan and take over payments, as this was a %3 down loan, will i have to make the mortgage insurance payments as well?