Current property deed has two names (X and Y), however the mortgage note has only one name (X).And as per the title search report, Chain of Title1:When the property was purchased the deed has both X and Y names as joint tenants with the Right of Survivorship.Chain of Title2:Later a quit calm deed was made with Grantor( prior owner)  Y and Grantee (deed owner ) XChain of Title3:Again a bargain and sale deed was made the other way from above Grantor( prior owner) X and Grantee (deed owner ) YCurrent Title (vesting information):And one more time a Deed was made with both names (X and Y) on the deed as joint tenants with the Right of Survivorship.Now, as X is the only mortgage holder from the time of purchase, and bank is foreclosing the mortgage on X, will Y have any legal ownership to the property, if the property gets sold at sheriff sale.

Bigger pockets is a great community with access to lots of educational material and a great place to net work and build relationships. be sure to check out the blogs at www.biggerpockets.com/renewsblog and the weekly podcats.

If you only have a couple thousand dollars, no access to other funds, and a sudden need for 4K-5K crops up that causes issues I would consider waiting a few months.

@Mark Davis  Each time there is a transaction with a loan involved the lender will require a new, updated title search and a lender's title policy.  

It has their name and a pin.

In both investment adventures, there are pros and cons, but not really knowing where to start, I was hoping to get some advice or find someone local in the area to meet up with and get more information.My husband and I currently own 3 rental properties – a row home in Baltimore City, MD a single-family home in Baltimore County, MD and a condo in Ashburn, VA.

I'm independent, no debt, no student loans, very low tuition (with financial aid grants), rent of $500 per month, credit score above 750 and a small chunk of change saved up in the amount of $15,000. 

After moving around way too much, and a few years of quietly observing, I'm finally ready to do something.

This guy talked for an hour and a half and explained nothing but why wholesaling is awesome and how awesome probates are. 

. - Option B is a little more farsighted, and a little less "analysis" based.