This is probably why I pass on many properties.

Don't let the years pass you by without taking action but on the other hand don't leap into an investment thinking you have to do something right away. 

So unfortunately, my relative's husband just passed away and she wants to sell her house because she doesnt want to live there anymore :( .

My understanding is that the noteholder agrees to a settlement amount and the deed is hers free and clear.Back in 2007 an individual transferred a deed on a property with an outstanding mortgage of $535k in Brooklyn NY.in 2008 The seller passed away. since 2007 not a single payment has been made to the mortgage.

July 1996, son passes.

I still have a lot to follow up on.Most people get too much into detail that it completely paralyze them trying to do everything perfect, now that I see what wholesaling is about i'm just sending letters it might seem reckless to some but one of deals came from a home owner who didn't need to sell but passed my letter along.

I believe this year there was a law passed that allowed businesses to write off 100% of their capital improvements instead of depreciating them over time.Again, you would need to check with your cpa and see if that applies to you.

@Harriet Baldwin Thanks for passing this along. 

That means cities cannot pass laws or zoning rules that restrict or interfere with addicts living in the community.

Additionally, there were agent commissions that I would have had to pay on the initial sale between me and the bank, which in a normal wholesale gets passed on to the end buyer.