The homeowner is going to walk away with nothing no matter what.Now, there certainly are con artists that will get the deed for a house, lease it back to the previous owner, collect the rent, and never make a payment on the mortgage.

All donations need to be collected no later then June 23rd so I can submit on time.

We only collected 1 month in security deposit or $50.

Your seller sounds cooperative, and very well should let you review the financial data to make sure his expenses are accurate.

The escrow company would collect the money and cut us our check first then he gets what is left.Is he trying to get control so he can scam the tenants?

Shouldn't you be able to collect the far market value of rent for 1/2 the property for the time she has been there?

A lot of people ruin their credit by not ever paying their student loans and they end up with multiple collections on their credit report because of it.

My next question is next year, suppose I don't make any repairs(Which we all know isn't going to happen) and I collect say 11k from section 8, but only have say 4k in interest payments and maybe 3k in taxes, how do you come up with more write offs to offset the remaining 4k??

BTW, I'd forget about collecting anything via the judgement route. 99%+ of all judgements issued in US courts are WORTHLESS.My problem is his roommate asked to leave one month early and he agreed Huh?

Looks like a short sale is the only way to make this work for you.Just my opinion with the data provided.