That also means, you cannot be related in any way with the broker, title company employees, owner of property (including yourself), lawyer, seller, etc.All monies for purchase and closing must be derived from the you IRA.

This lawsuit sounds completely frivolous, but I would suggest that you lawyer up.

If you are unsure then pay a lawyer for an hour of his time and have him look at it and advise you.

LOL.With that said, I'm not sure if you can get out of it-- I suggest asking your lawyer if you have a way out of this lease.Also, I would not have accepted rent and deposit without a signed lease.

Let the insurance company lawyers fight for you.

You will probably need to find a lawyer who will take the case and hope to be paid afterwards for his fee's and maybe a small settlement for hardship for her from the state.

So it seems that my sellers contacted wells fargo and told them about the sub2 deal based on their lawyer telling them they had to, so then wells fargo proceeded to tell them that it was illegal and they werent allowed to do it, so they agreed to do a deed in lieu of foreclosure.

I assume there is some sort of contract that needs to be handled by a lawyer, but is there any other significant action I would need to take?

there is a lawyer in town i use for evictions that will give you free advice on how to handle message me and I can get you his info.  

Do I need a lawyer???