Based on the fact that depreciation is forced, I don't really see how it's possible to not incur a loss on paper.

A great way to generate cash flow and pretty simple maintenance.John Corey

I was in a hurry due to the fact that all the paper work and whatnot was late--wrong--and I had to go earn my living.

The reason being that I plan to do this is plain and simple: My grandfather worked all his life to pay off that house and one of my moms brothers came in and convinced my gandma to get him a loan and he never made good on it.

You know the quote about not being able to see the trees vs. the forest.The WSJ is a great paper with great writers.

This is not illegal so they should not have a problem with it, but they may be concerned about getting you in trouble with your mortgage company and bringing some liability upon themselves for helping you.It takes one piece of paper and the simple fee to the county recorder get it done.

keep it simple but elegant, classy - just don't exceed what's called for in the area.

Although it's my first book soley on foreclosures I have to think there are better ones out there then this.His advice seemed to be a bit out dated, he was very wordy with the way he explained such simple things(made it confusing by the end).

thank you for that very simple layout....very helpful.

You can get title insurance but they will exclude pre-existing liens that are on record (the loan).The documentation process is pretty clear and simple.