Technically, what's happening is that the MIL is selling her residence and giving all of her children a portion of the proceeds, to do with as they will.

Also the course decribing the lot doesn't close by 35'...three parcels adjacent to ours that we share a boundary with have completed record surveys over the last 40 years and have identified and attempted to reconcile the issues using good survey theories (the art behind the math, who gets what and by how much and why).

Once you identify a property you'd like to hold onto, you can initially finance it through a bridge loan and later refinance.

You sell the house for 190k. 

I asked why the seller would sell the house this way.

Just use Propstream's skip trace function and contact these owners simply asking if they would like to sell their property.

Sell those vehicles ASAP! 

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Not sure about selling my condo or looking to rent it out.

If you don't NEED to sell, why would you even think about this type of financing for the sale of the property??