Once you are the seller agree on the specific terms, length of loan, length of amortizations, payment, interest rate etc. have an attorney write up the documents. 

Some questions though about the sale based on the bid process document that I received from my agentProperty Background: The property is fixer upper and is currently not livable (because kitchen is not functional) so I cannot get a conventional loan so planning to make an all cash offer.

It's all in how they document that intent.  

That really wouldn't have helped you in the original scope of what was included but it might help you now if you'd like to document your conversations.

Not getting original note  documents after payment 

I hope you have documentation for all of this so when you go to court you can prove you tried to fix stuff.

They request what is called an “as-repaired appraisal.”To give a general picture of how the as-repaired appraisal fits into the process here’s a very basic look at the steps involved in a standard 203K loan, sometimes called a Consultant K* loan:The borrower selects a property, a lender, a 203(k) consultant and a general contractor.The lender pre-qualifies or pre-approves the borrower, and determines that the property is eligible for a 203K loan.Working with the consultant and the contractor, the borrower submits a document that specifies all repairs.The lender requests an appraisal.

If each co-owner has an undivided half interest then have the co-owner who wants to sell, write out a detailed affidavit with any available documentation -listing all of the expenses that each co-owner has paid for mortgage, taxes, insurance, maintenance etc, during the last three years (or whatever your local statute of limitations is to file for unpaid debt). 

However, I recommend you document the change of ownership and that the lease remains in place.You should only have someone else sign for you if they have the proper authority.

Investment Info:Single-family residence buy & hold investment in Newport News.